Amkor Technology, Inc. (NASDAQ:AMKR) Stake Lifted by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,418 shares of the semiconductor company’s stock after purchasing an additional 922 shares during the period. Blue Trust Inc.’s holdings in Amkor Technology were worth $88,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. Northwestern Mutual Wealth Management Co. increased its position in shares of Amkor Technology by 8.6% during the 2nd 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 period. Ritholtz Wealth Management lifted its holdings in shares of Amkor Technology by 1.7% in the third 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 during the period. Larson Financial Group LLC boosted its stake in Amkor Technology by 46.3% during the third 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 in the last quarter. Highland Capital Management LLC grew its holdings 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 acquiring an additional 720 shares during the period. Finally, Freedom Investment Management Inc. raised its position in 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 in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $24.33 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 16.44 and a beta of 1.81. Amkor Technology, Inc. has a 1 year low of $23.33 and a 1 year high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $25.79 and its 200 day simple moving average is $28.57.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a $0.0827 dividend. 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 1.36%. The ex-dividend date was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is currently 22.30%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC cut their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.