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

Principal Financial Group Inc. raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,989,507 shares of the semiconductor company's stock after purchasing an additional 17,214 shares during the quarter. Principal Financial Group Inc. owned 0.81% of Amkor Technology worth $35,931,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its stake in Amkor Technology by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock valued at $2,313,000 after purchasing an additional 484 shares during the last quarter. Robotti Robert boosted its stake in shares of Amkor Technology by 0.3% in the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock worth $5,545,000 after buying an additional 705 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Amkor Technology by 6.4% in the first quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company's stock worth $264,000 after buying an additional 873 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in shares of Amkor Technology by 24.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock worth $122,000 after buying an additional 942 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Amkor Technology by 7.8% in the fourth quarter. Meeder Asset Management Inc. now owns 14,444 shares of the semiconductor company's stock worth $371,000 after buying an additional 1,041 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC lowered their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. DA Davidson reduced their price target on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley reduced their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of "Hold" and an average price target of $28.00.

Amkor Technology Price Performance

AMKR stock opened at $21.44 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83. The business has a 50 day simple moving average of $19.54 and a 200-day simple moving average of $20.83. The firm has a market capitalization of $5.30 billion, a PE ratio of 16.75 and a beta of 1.85. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.54%. Amkor Technology's payout ratio is 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.

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