Wealthquest Corp Invests $2.41 Million in Amkor Technology, Inc. (NASDAQ:AMKR)

Wealthquest Corp bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 133,627 shares of the semiconductor company's stock, valued at approximately $2,413,000. Amkor Technology comprises 0.2% of Wealthquest Corp's investment portfolio, making the stock its 24th largest position. Wealthquest Corp owned 0.05% of Amkor Technology at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley cut their price target on 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. DA Davidson cut their price target on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Finally, B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Amkor Technology has a consensus rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Trading Up 3.5%

NASDAQ:AMKR opened at $20.96 on Wednesday. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.86. The business's 50-day moving average price is $18.64 and its two-hundred day moving average price is $21.16. 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 firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.38 and a beta of 1.83.

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, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company's quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

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 given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 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.

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