Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Covea Finance

Covea Finance raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,500 shares of the semiconductor company’s stock after buying an additional 20,000 shares during the period. Covea Finance’s holdings in Amkor Technology were worth $1,606,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Amkor Technology by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 333 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Amkor Technology by 1.7% in the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company’s stock valued at $665,000 after buying an additional 357 shares in the last quarter. Larson Financial Group LLC grew its holdings in Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares during the last quarter. Highland Capital Management LLC increased its position in Amkor Technology by 10.9% during the third quarter. Highland Capital Management LLC now owns 7,332 shares of the semiconductor company’s stock worth $224,000 after buying an additional 720 shares in the last quarter. Finally, Freedom Investment Management Inc. raised its holdings in shares of Amkor Technology by 5.4% in the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock worth $474,000 after acquiring an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of analyst reports. DA Davidson decreased their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley decreased their target price on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Finally, Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and an average target price of $35.50.

Amkor Technology Stock Down 0.4 %

Shares of NASDAQ AMKR opened at $25.31 on Wednesday. The stock has a market capitalization of $6.24 billion, a PE ratio of 17.10 and a beta of 1.83. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $26.26 and a 200-day moving average of $30.57. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 22.30%.

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.