Mirae Asset Global Investments Co. Ltd. Reduces Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,571 shares of the semiconductor company’s stock after selling 3,641 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Amkor Technology were worth $8,719,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMKR. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the third quarter worth approximately $39,000. Larson Financial Group LLC grew its holdings in shares of Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 580 shares during the period. Ulland Investment Advisors LLC bought a new position in shares of Amkor Technology in the 3rd quarter worth about $82,000. Quarry LP boosted its holdings in Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,535 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after buying an additional 922 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMKR shares. JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Needham & Company LLC dropped their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. DA Davidson decreased their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group dropped their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Finally, StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research report 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 stock has an average rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Price Performance

NASDAQ AMKR opened at $24.33 on Friday. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 16.44 and a beta of 1.81. Amkor Technology, Inc. has a 12 month low of $23.33 and a 12 month high of $44.86. The company’s 50 day moving average is $25.79 and its two-hundred day moving average is $28.57. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is presently 22.30%.

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.