Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 677.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,756 shares of the semiconductor company’s stock after purchasing an additional 1,530 shares during the period. UMB Bank n.a.’s holdings in Amkor Technology were worth $32,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMKR. SBI Securities Co. Ltd. acquired a new position in Amkor Technology during the fourth quarter worth about $27,000. Jones Financial Companies Lllp raised its position in shares of Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 1,160 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,242 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Amkor Technology in the fourth quarter valued at approximately $43,000. Finally, Versant Capital Management Inc raised its position in shares of Amkor Technology by 467.7% in the first quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of AMKR stock opened at $19.89 on Monday. The company has a market capitalization of $4.91 billion, a PE ratio of 13.91 and a beta of 1.83. The firm has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $21.43. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.66%. Amkor Technology’s dividend payout ratio (DPR) is 25.78%.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of analyst reports. B. Riley lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, April 29th. Needham & Company LLC lowered their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and an average price target of $28.00.

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.