UG Investment Advisers Ltd. Takes $21.06 Million Position in Amkor Technology, Inc. (NASDAQ:AMKR)

UG Investment Advisers Ltd. purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,165,923 shares of the semiconductor company's stock, valued at approximately $21,057,000. Amkor Technology comprises 5.8% of UG Investment Advisers Ltd.'s investment portfolio, making the stock its 6th biggest position. UG Investment Advisers Ltd. owned about 0.47% of Amkor Technology at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in shares of Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock valued at $1,020,000 after acquiring an additional 782 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Amkor Technology by 37.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 82,742 shares of the semiconductor company's stock valued at $2,126,000 after acquiring an additional 22,561 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Amkor Technology by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock valued at $50,665,000 after acquiring an additional 611,209 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of Amkor Technology by 374.2% during the 4th quarter. Ieq Capital LLC now owns 47,118 shares of the semiconductor company's stock valued at $1,210,000 after buying an additional 37,181 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Amkor Technology by 26.8% during the 4th quarter. Handelsbanken Fonder AB now owns 29,376 shares of the semiconductor company's stock valued at $755,000 after buying an additional 6,200 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AMKR shares. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. DA Davidson dropped their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley dropped 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. dropped their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC dropped their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock 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 stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of "Hold" and an average price target of $28.00.

Amkor Technology Stock Performance

Amkor Technology stock traded up $0.10 during midday trading on Monday, reaching $20.26. 1,643,715 shares of the stock traded hands, compared to its average volume of 1,866,223. The firm has a fifty day moving average price of $18.56 and a two-hundred day moving average price of $21.17. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 15.83 and a beta of 1.83. 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 current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued 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. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.24 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share 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. The ex-dividend date is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.63%. Amkor Technology's dividend payout ratio (DPR) is presently 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.