UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 26,146 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 307,036 shares of the semiconductor company's stock after purchasing an additional 26,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Amkor Technology worth $7,888,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in shares of Amkor Technology in the 4th quarter worth $4,730,000. Twinbeech Capital LP acquired a new position in shares of Amkor Technology in the fourth quarter valued at about $412,000. Quantinno Capital Management LP increased its holdings in shares of Amkor Technology by 30.4% in the fourth quarter. Quantinno Capital Management LP now owns 10,991 shares of the semiconductor company's stock valued at $282,000 after purchasing an additional 2,563 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Amkor Technology by 3.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 52,847 shares of the semiconductor company's stock valued at $1,377,000 after purchasing an additional 1,793 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Amkor Technology during the fourth quarter worth about $387,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMKR shares. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC lowered their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley decreased their price target 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. Finally, DA Davidson reduced their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Stock Performance

Amkor Technology stock traded down $0.24 on Thursday, reaching $18.83. 1,269,518 shares of the stock were exchanged, compared to its average volume of 1,859,783. The firm has a fifty day moving average price of $17.68 and a two-hundred day moving average price of $21.74. The stock has a market cap of $4.65 billion, a PE ratio of 13.17 and a beta of 1.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced 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 net margin of 5.60% and a return on equity of 8.59%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $0.24 earnings per share. Amkor Technology's quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio is 25.78%.

Amkor Technology Company 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.