Covea Finance Has $1.61 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Covea Finance raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,500 shares of the semiconductor company's stock after purchasing an additional 20,000 shares during the period. Covea Finance's holdings in Amkor Technology were worth $1,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMKR. Ashton Thomas Private Wealth LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $40,000. Capital Performance Advisors LLP bought a new stake in shares of Amkor Technology in the 3rd quarter worth approximately $39,000. Larson Financial Group LLC lifted its position in shares of Amkor Technology by 46.3% in 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 acquired a new stake in shares of Amkor Technology during the 3rd quarter worth approximately $82,000. Finally, Quarry LP increased its position in shares of Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company's stock valued at $96,000 after purchasing an additional 2,535 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several research reports. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC lowered their target price on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.50.

Amkor Technology Price Performance

AMKR traded down $0.03 during trading on Wednesday, hitting $25.28. The company's stock had a trading volume of 1,732,314 shares, compared to its average volume of 1,094,690. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 17.08 and a beta of 1.83. The firm's 50 day moving average price is $26.24 and its two-hundred day moving average price is $30.46. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company's revenue was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. This is an increase from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.31%. Amkor Technology's dividend payout ratio is currently 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.