Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Trimmed by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. reduced its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,692 shares of the semiconductor company's stock after selling 226,009 shares during the quarter. Valley Wealth Managers Inc. owned 0.20% of Amkor Technology worth $12,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in Amkor Technology by 24,383.3% during the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock worth $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Amkor Technology during the third quarter worth $42,610,000. Wellington Management Group LLP lifted its stake in Amkor Technology by 522.0% during the third quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company's stock worth $34,704,000 after purchasing an additional 951,764 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Amkor Technology by 212.6% during the third 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 during the last quarter. Finally, FMR LLC lifted its stake in Amkor Technology by 35.7% during the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company's stock worth $47,595,000 after purchasing an additional 409,241 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMKR has been the topic of several research analyst reports. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and dropped their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Finally, DA Davidson dropped their target price on Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Stock Performance

Shares of AMKR traded down $0.77 during trading hours on Friday, reaching $22.24. 1,165,833 shares of the company's stock traded hands, compared to its average volume of 1,614,848. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a twelve month low of $21.46 and a twelve month high of $44.86. The business's fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $27.75.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.49%. Amkor Technology's dividend payout ratio is currently 23.08%.

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.