UG Investment Advisers Ltd. Purchases Shares of 1,165,923 Amkor Technology, Inc. (NASDAQ:AMKR)

UG Investment Advisers Ltd. acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,165,923 shares of the semiconductor company's stock, valued at approximately $21,057,000. Amkor Technology makes up about 5.8% of UG Investment Advisers Ltd.'s investment portfolio, making the stock its 6th largest position. UG Investment Advisers Ltd. owned approximately 0.47% of Amkor Technology as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Amkor Technology during the fourth quarter valued at $27,000. UMB Bank n.a. raised its holdings in Amkor Technology by 677.0% during the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after buying an additional 1,530 shares during the period. Jones Financial Companies Lllp raised its holdings in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the period. Bessemer Group Inc. lifted its stake in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after buying an additional 1,242 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of Amkor Technology in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Price Performance

AMKR opened at $20.36 on Friday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 15.91 and a beta of 1.83. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $18.42 and a 200 day moving average price of $21.32.

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 for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.62%. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMKR shares. JPMorgan Chase & Co. cut their price target 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. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC dropped their price target on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley reduced their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $28.00.

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.

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