Amkor Technology, Inc. (NASDAQ:AMKR) Stake Cut by Oak Thistle LLC

Oak Thistle LLC decreased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,701 shares of the semiconductor company's stock after selling 15,274 shares during the period. Oak Thistle LLC's holdings in Amkor Technology were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the 3rd quarter worth approximately $39,000. Larson Financial Group LLC grew its position in shares of Amkor Technology by 46.3% in the third 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 during the period. Ulland Investment Advisors LLC acquired a new position in Amkor Technology in the third quarter valued at $82,000. Quarry LP lifted its position in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company's stock worth $96,000 after buying an additional 2,535 shares during the period. Finally, 1620 Investment Advisors Inc. boosted its stake in Amkor Technology by 400.8% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company's stock worth $117,000 after buying an additional 3,062 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMKR. Morgan Stanley cut 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 report on Tuesday, October 29th. DA Davidson decreased their price target on shares of 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 objective on Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their target price on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a report 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.50.

Amkor Technology Stock Up 1.8 %

Shares of NASDAQ AMKR traded up $0.45 on Friday, hitting $25.91. The company had a trading volume of 1,579,884 shares, compared to its average volume of 1,047,994. The firm has a market capitalization of $6.39 billion, a P/E ratio of 17.51 and a beta of 1.83. 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, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86. The business has a 50 day moving average of $26.12 and a two-hundred day moving average of $30.29.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 1.38 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 $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's 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.