Ieq Capital LLC Boosts Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Ieq Capital LLC raised its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 374.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,118 shares of the semiconductor company’s stock after purchasing an additional 37,181 shares during the period. Ieq Capital LLC’s holdings in Amkor Technology were worth $1,210,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMKR. Principal Financial Group Inc. raised its position in shares of Amkor Technology by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company’s stock valued at $50,665,000 after purchasing an additional 611,209 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Amkor Technology by 37.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 82,742 shares of the semiconductor company’s stock worth $2,126,000 after buying an additional 22,561 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock valued at $1,020,000 after buying an additional 782 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Amkor Technology in the 4th quarter valued at $2,013,000. Finally, Vest Financial LLC lifted its position in Amkor Technology by 97.9% during the 4th quarter. Vest Financial LLC now owns 98,000 shares of the semiconductor company’s stock worth $2,518,000 after acquiring an additional 48,475 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $21.95 on Tuesday. The stock has a 50 day moving average price of $24.89 and a 200 day moving average price of $27.68. The stock has a market cap of $5.41 billion, a PE ratio of 15.35 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a one year low of $21.46 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Equities research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMKR. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. B. Riley reduced their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.50.

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.