Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has sold 43,774 shares of Amkor Technology, reducing its stake by 13.5% in the first quarter, holding approximately 0.11% of the company after the sale.
• Amkor Technology's earnings report revealed a net margin of 5.04% and a revenue of $1.32 billion, slightly above analysts' expectations of $1.28 billion.
• Multiple analysts have set varying target prices for Amkor Technology, with the average price target at $26.50 and a consensus rating of "Hold."

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,028 shares of the semiconductor company's stock after selling 43,774 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Amkor Technology worth $5,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in Amkor Technology in the fourth quarter worth about $570,000. Vanguard Group Inc. grew its position in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after purchasing an additional 1,092,002 shares in the last quarter. JPMorgan Chase & Co. grew its position in Amkor Technology by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 263,998 shares of the semiconductor company's stock worth $6,782,000 after purchasing an additional 15,865 shares in the last quarter. Norges Bank purchased a new position in Amkor Technology during the 4th quarter worth approximately $32,479,000. Finally, Orion Portfolio Solutions LLC grew its position in Amkor Technology by 27.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 10,651 shares of the semiconductor company's stock worth $274,000 after purchasing an additional 2,297 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Price Performance

AMKR stock traded down $0.69 during trading on Thursday, reaching $23.25. 1,172,077 shares of the company were exchanged, compared to its average volume of 2,144,955. The company has a 50-day moving average of $20.67 and a two-hundred day moving average of $20.41. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 18.87 and a beta of 1.85. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.83.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. As a group, equities analysts predict 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. Stockholders of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.42%. Amkor Technology's dividend payout ratio (DPR) is 26.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson decreased 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 note on Tuesday, April 29th. B. Riley boosted their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday. UBS Group boosted their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.44.

About Amkor Technology

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.