Kingsview Wealth Management LLC Makes New $2.01 Million Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Kingsview Wealth Management LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 78,341 shares of the semiconductor company's stock, valued at approximately $2,013,000.

Several other large investors also recently bought and sold shares of AMKR. Ritholtz Wealth Management boosted its stake in shares of Amkor Technology by 1.7% during the third quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock valued at $665,000 after acquiring an additional 357 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock valued at $201,000 after purchasing an additional 482 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 valued at $56,000 after purchasing an additional 580 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Amkor Technology by 0.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock valued at $2,461,000 after purchasing an additional 785 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in shares of Amkor Technology by 5.4% in the 3rd quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company's stock valued at $474,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. B. Riley reduced their price objective on Amkor Technology from $38.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday. KeyCorp reduced their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their price target on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $31.50.

Amkor Technology Stock Up 1.4 %

Shares of AMKR traded up $0.32 during trading on Friday, reaching $22.51. The company's stock had a trading volume of 2,010,862 shares, compared to its average volume of 1,628,409. The company has a fifty day moving average of $25.38 and a two-hundred day moving average of $28.01. Amkor Technology, Inc. has a twelve month low of $21.46 and a twelve month high of $44.86. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 15.21 and a beta of 1.81. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. On average, sell-side analysts predict that Amkor Technology, Inc. will post 1.38 EPS for the current fiscal year.

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.