Allspring Global Investments Holdings LLC Acquires 5,447 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Allspring Global Investments Holdings LLC raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 32.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,260 shares of the semiconductor company’s stock after purchasing an additional 5,447 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amkor Technology were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co boosted its holdings in Amkor Technology by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock valued at $2,313,000 after purchasing an additional 484 shares during the period. Robotti Robert boosted its holdings in Amkor Technology by 0.3% in the 4th 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 period. Merit Financial Group LLC boosted its holdings 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 purchasing an additional 873 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in Amkor Technology by 24.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 942 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Amkor Technology by 7.8% in the 4th quarter. Meeder Asset Management Inc. now owns 14,444 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 1,041 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

AMKR stock opened at $21.89 on Friday. The company has a 50 day simple moving average of $19.82 and a 200 day simple moving average of $20.82. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 17.10 and a beta of 1.85. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (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 firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. Research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders 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 yield of 1.51%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology’s payout ratio is 25.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMKR shares. B. Riley cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. DA Davidson dropped their target price on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC dropped 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 report on Tuesday, April 29th. Morgan Stanley dropped 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 report on Tuesday, April 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.50.

About Amkor Technology

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.