Voloridge Investment Management LLC Purchases Shares of 184,120 Amkor Technology, Inc. (NASDAQ:AMKR)

Voloridge Investment Management LLC bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 184,120 shares of the semiconductor company's stock, valued at approximately $4,730,000. Voloridge Investment Management LLC owned about 0.07% of Amkor Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of AMKR. Vanguard Group Inc. increased its holdings in Amkor Technology by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after buying an additional 1,092,002 shares during the last quarter. First Trust Advisors LP increased its holdings in Amkor Technology by 7.9% in the fourth quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock valued at $122,767,000 after buying an additional 350,809 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after buying an additional 556,761 shares during the last quarter. American Century Companies Inc. increased its holdings in Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock valued at $69,594,000 after buying an additional 530,771 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Amkor Technology by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock valued at $54,209,000 after buying an additional 15,211 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMKR has been the subject of several research analyst reports. DA Davidson lowered their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley lowered 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. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, 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 report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Amkor Technology currently has an average rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR traded down $0.69 during midday trading on Friday, hitting $18.03. 3,248,727 shares of the company's stock were exchanged, compared to its average volume of 1,850,397. The firm has a market cap of $4.45 billion, a P/E ratio of 12.61 and a beta of 1.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The stock's 50 day moving average price is $17.67 and its 200-day moving average price is $21.91.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its 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 firm 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 8.59% and a net margin of 5.60%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.83%. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

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.