Wealthquest Corp Acquires New Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Wealthquest Corp purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 133,627 shares of the semiconductor company's stock, valued at approximately $2,413,000. Amkor Technology makes up 0.2% of Wealthquest Corp's holdings, making the stock its 24th largest holding. Wealthquest Corp owned 0.05% of Amkor Technology as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMKR. Geode Capital Management LLC boosted its holdings in shares of Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock valued at $54,209,000 after purchasing an additional 15,211 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Amkor Technology during the 4th quarter valued at about $5,666,000. SG Americas Securities LLC boosted its holdings in shares of Amkor Technology by 218.8% during the 1st quarter. SG Americas Securities LLC now owns 59,266 shares of the semiconductor company's stock valued at $1,070,000 after purchasing an additional 40,676 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Amkor Technology by 131.9% during the 4th quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company's stock valued at $582,000 after purchasing an additional 12,892 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Trading Down 0.1%

Shares of NASDAQ:AMKR traded down $0.03 during trading on Friday, reaching $21.15. The company's stock had a trading volume of 2,351,478 shares, compared to its average volume of 1,866,704. 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, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The firm's 50 day simple moving average is $18.94 and its two-hundred day simple moving average is $21.09. The stock has a market capitalization of $5.23 billion, a PE ratio of 16.52 and a beta of 1.83.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's payout ratio is currently 25.78%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. DA Davidson dropped their price objective on shares of 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 dropped their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Needham & Company LLC lowered their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.