Yousif Capital Management LLC Sells 845 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Yousif Capital Management LLC trimmed its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,521 shares of the semiconductor company’s stock after selling 845 shares during the period. Yousif Capital Management LLC’s holdings in Amkor Technology were worth $696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Amkor Technology by 0.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock worth $2,313,000 after purchasing an additional 484 shares during the period. Robotti Robert lifted its holdings in shares of Amkor Technology by 0.3% during the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company’s stock valued at $5,545,000 after purchasing an additional 705 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Amkor Technology by 2.0% in the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 782 shares during the last quarter. Merit Financial Group LLC lifted its position in Amkor Technology by 6.4% in the 1st quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 873 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Amkor Technology by 24.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 942 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Up 0.2%

AMKR opened at $20.36 on Friday. The business has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $21.32. The company has a quick ratio of 1.83, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The firm has a market cap of $5.03 billion, a P/E ratio of 15.91 and a beta of 1.83.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, June 5th. Amkor Technology’s dividend payout ratio is currently 25.78%.

Analyst Ratings Changes

AMKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC decreased their price target on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. KeyCorp reissued a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. Morgan Stanley decreased their target price on 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. Finally, DA Davidson dropped their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.