133,627 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Acquired by Wealthquest Corp

Key Points

• Wealthquest Corp acquired a new stake in Amkor Technology, purchasing 133,627 shares valued at approximately $2.4 million, which represents about 0.05% of the company's stock.
• Several institutional investors, including Royce & Associates LP and Oak Thistle LLC, have increased their positions in Amkor Technology, with an overall 42.76% of the stock now held by institutional investors.
• Analysts have varied opinions on Amkor's stock with a consensus rating of "Hold" and an average price target of $26.44, reflecting recent upgrades and downgrades of price expectations.

Wealthquest Corp acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 133,627 shares of the semiconductor company's stock, valued at approximately $2,413,000. Wealthquest Corp owned about 0.05% of Amkor Technology at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in Amkor Technology by 677.0% in the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares during the period. Allworth Financial LP boosted its position in shares of Amkor Technology by 166.3% during the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 1,357 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,242 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Amkor Technology during the 4th quarter worth approximately $43,000. Finally, Versant Capital Management Inc boosted its position in shares of Amkor Technology by 467.7% during the 1st quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 2,479 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Up 2.4%

Shares of AMKR traded up $0.52 during trading hours on Monday, reaching $22.27. 943,800 shares of the stock traded hands, compared to its average volume of 2,151,521. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $33.85. The stock has a fifty day simple moving average of $20.82 and a 200 day simple moving average of $20.30. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 18.09 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.5%. Amkor Technology's payout ratio is presently 26.83%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMKR shares. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC upped their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. UBS Group upped their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, DA Davidson cut their target price 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. 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.com, Amkor Technology presently has an average rating of "Hold" and a consensus target price of $26.44.

Insider Transactions at Amkor Technology

In related news, EVP Mark N. Rogers sold 15,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $23.58, for a total value of $353,700.00. Following the transaction, the executive vice president owned 23,862 shares in the company, valued at $562,665.96. The trade was a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.90% of the stock is currently owned by insiders.

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.