Principal Financial Group Inc. Boosts Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Principal Financial Group Inc. grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,989,507 shares of the semiconductor company's stock after buying an additional 17,214 shares during the quarter. Principal Financial Group Inc. owned about 0.81% of Amkor Technology worth $35,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Amkor Technology by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after acquiring an additional 1,092,002 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock worth $122,767,000 after buying an additional 350,809 shares during the period. Alliancebernstein L.P. raised its stake in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after purchasing an additional 556,761 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after acquiring an additional 530,771 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after acquiring an additional 15,211 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMKR. DA Davidson dropped their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a research note on Thursday. They issued a "neutral" rating and a $20.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.50.

Amkor Technology Trading Down 0.1%

Shares of AMKR stock traded down $0.03 during trading hours on Friday, hitting $21.86. 1,249,686 shares of the company were exchanged, compared to its average volume of 1,804,103. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The company has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $20.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. The firm has a market cap of $5.40 billion, a P/E ratio of 17.08 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $0.24 EPS. Amkor Technology's quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 25.78%.

Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.