Vest Financial LLC Boosts Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Vest Financial LLC boosted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 97.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,000 shares of the semiconductor company's stock after purchasing an additional 48,475 shares during the quarter. Vest Financial LLC's holdings in Amkor Technology were worth $2,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Amkor Technology during the 3rd quarter valued at $39,000. Larson Financial Group LLC grew its stake in Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company's stock worth $56,000 after buying an additional 580 shares during the last quarter. Ulland Investment Advisors LLC purchased a new stake in Amkor Technology during the 3rd quarter valued at about $82,000. Blue Trust Inc. grew its stake in Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares during the last quarter. Finally, Quarry LP grew its stake in Amkor Technology by 421.8% during the 3rd 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 last quarter. Institutional investors own 42.76% of the company's stock.

Analyst Ratings Changes

AMKR has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price target on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 29th. Melius cut Amkor Technology from a "buy" rating to a "hold" rating and reduced their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday. KeyCorp reduced their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Finally, DA Davidson reduced their target price on Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Trading Up 1.2 %

Shares of AMKR traded up $0.25 during midday trading on Wednesday, hitting $21.84. 3,510,328 shares of the stock were exchanged, compared to its average volume of 1,603,959. Amkor Technology, Inc. has a 52-week low of $21.46 and a 52-week high of $44.86. The stock has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $28.15. The firm has a market cap of $5.39 billion, a P/E ratio of 14.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate 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, research analysts anticipate that Amkor Technology, Inc. will post 1.38 EPS for the current fiscal year.

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.