Ulland Investment Advisors LLC Grows Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Ulland Investment Advisors LLC boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 168.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,190 shares of the semiconductor company’s stock after buying an additional 4,510 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Amkor Technology were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMKR. Merit Financial Group LLC raised its position in shares of Amkor Technology by 34.4% in the 4th quarter. Merit Financial Group LLC now owns 13,722 shares of the semiconductor company’s stock valued at $353,000 after purchasing an additional 3,513 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Amkor Technology by 34.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 8,862 shares of the semiconductor company’s stock worth $228,000 after buying an additional 2,255 shares during the last quarter. Covea Finance raised its holdings in Amkor Technology by 47.1% in the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after acquiring an additional 20,000 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after acquiring an additional 925,644 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Amkor Technology by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 137,679 shares of the semiconductor company’s stock worth $4,213,000 after acquiring an additional 10,069 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

AMKR stock opened at $25.91 on Tuesday. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 17.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock’s fifty day moving average is $26.10 and its two-hundred day moving average is $30.05.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, research analysts predict that Amkor Technology, Inc. will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.28%. Amkor Technology’s payout ratio is currently 22.30%.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC dropped their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.50.

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.