Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,101 shares of the semiconductor company’s stock after purchasing an additional 40,653 shares during the period. Envestnet Asset Management Inc. owned about 0.25% of Amkor Technology worth $11,055,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMKR. Proficio Capital Partners LLC acquired a new position in shares of Amkor Technology in the 4th quarter worth approximately $310,000. Raymond James Financial Inc. purchased a new position in shares of Amkor Technology in the fourth quarter worth approximately $5,666,000. Swiss National Bank increased its position in shares of Amkor Technology by 0.8% in the fourth quarter. Swiss National Bank now owns 218,100 shares of the semiconductor company’s stock worth $5,603,000 after acquiring an additional 1,800 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Amkor Technology by 131.9% in the fourth quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company’s stock worth $582,000 after acquiring an additional 12,892 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after acquiring an additional 530,771 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Performance

AMKR stock opened at $21.51 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. The stock has a market cap of $5.31 billion, a P/E ratio of 16.80 and a beta of 1.85. The firm has a 50 day simple moving average of $20.26 and a 200 day simple moving average of $20.56. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $41.53.

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 the consensus estimate 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 last year, the company posted $0.24 earnings per share. Research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share 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 paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology’s dividend payout ratio (DPR) is presently 25.78%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMKR. DA Davidson dropped their target price on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. KeyCorp reissued a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC dropped their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group began coverage on shares of Amkor Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.