Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,155 shares of the semiconductor company’s stock after selling 6,222 shares during the quarter. DGS Capital Management LLC’s holdings in Amkor Technology were worth $364,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMKR. Inspire Investing LLC grew its stake in shares of Amkor Technology by 16.0% during the 4th quarter. Inspire Investing LLC now owns 15,642 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 2,163 shares during the period. Janney Montgomery Scott LLC grew its position in Amkor Technology by 4.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 33,925 shares of the semiconductor company’s stock valued at $872,000 after acquiring an additional 1,456 shares during the period. SG Americas Securities LLC grew its position in Amkor Technology by 70.3% during the fourth quarter. SG Americas Securities LLC now owns 18,590 shares of the semiconductor company’s stock valued at $478,000 after acquiring an additional 7,677 shares during the period. Nisa Investment Advisors LLC increased its stake in Amkor Technology by 1,128.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,950 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 9,140 shares during the last quarter. Finally, Ulland Investment Advisors LLC raised its holdings in shares of Amkor Technology by 168.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 7,190 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 4,510 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMKR shares. The Goldman Sachs Group dropped their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. KeyCorp dropped their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley reduced 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 report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Melius cut Amkor Technology from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Trading Down 0.8 %

NASDAQ:AMKR opened at $25.69 on Friday. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86. The business’s 50-day simple moving average is $26.12 and its 200 day simple moving average is $29.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 17.36 and a beta of 1.83.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.86 billion for 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%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.38 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.29%. 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 22.30%.

Amkor Technology Company 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.