Nisa Investment Advisors LLC Buys 9,140 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Nisa Investment Advisors LLC lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1,128.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,950 shares of the semiconductor company’s stock after purchasing an additional 9,140 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Amkor Technology were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of Amkor Technology during the third quarter valued at about $930,000. Valley Wealth Managers Inc. increased its holdings in Amkor Technology by 115.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after acquiring an additional 391,002 shares during the period. Geode Capital Management LLC lifted its stake in Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after purchasing an additional 131,106 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares in the last quarter. Finally, General American Investors Co. Inc. bought a new position in Amkor Technology in the 3rd quarter valued at $3,060,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. DA Davidson lowered their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a 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 for the company in a research report on Tuesday, October 29th. Morgan Stanley decreased their price objective 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. Finally, Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Amkor Technology Stock Up 1.9 %

Shares of AMKR opened at $24.52 on Thursday. Amkor Technology, Inc. has a 1 year low of $23.36 and a 1 year high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $26.05 and a two-hundred day simple moving average of $29.33. The firm has a market cap of $6.05 billion, a P/E ratio of 16.57 and a beta of 1.83.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, analysts forecast that Amkor Technology, Inc. will post 1.38 earnings per share for the current fiscal year.

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 given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.35%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 4th. 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.