Wealth Enhancement Advisory Services LLC Has $379,000 Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Wealth Enhancement Advisory Services LLC boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 22.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,963 shares of the semiconductor company’s stock after purchasing an additional 3,885 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Amkor Technology were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in shares of Amkor Technology in the fourth quarter worth approximately $310,000. Jones Financial Companies Lllp raised its holdings in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Amkor Technology in the 4th quarter worth approximately $27,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Amkor Technology by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock valued at $51,541,000 after purchasing an additional 127,361 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Amkor Technology by 6.5% in the 4th quarter. M&T Bank Corp now owns 38,580 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 2,369 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 research note 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 research note on Tuesday, April 29th. Morgan Stanley lowered their target price on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating for the company 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. Finally, B. Riley downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 21st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Amkor Technology presently has an average rating of “Hold” and an average price target of $28.00.

Amkor Technology Trading Down 1.3%

NASDAQ:AMKR opened at $22.00 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 17.19 and a beta of 1.85. The firm has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $20.86. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86.

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

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, June 5th. Amkor Technology’s dividend payout ratio is currently 25.78%.

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.