Victory Capital Management Inc. Has $2.21 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Victory Capital Management Inc. increased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 129.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,106 shares of the semiconductor company’s stock after buying an additional 69,004 shares during the quarter. Victory Capital Management Inc.’s holdings in Amkor Technology were worth $2,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMKR. KLP Kapitalforvaltning AS acquired a new stake in Amkor Technology in the 4th quarter valued at $570,000. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after acquiring an additional 1,092,002 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Amkor Technology by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 263,998 shares of the semiconductor company’s stock valued at $6,782,000 after acquiring an additional 15,865 shares during the last quarter. Norges Bank bought a new stake in Amkor Technology during the fourth quarter worth about $32,479,000. Finally, Orion Portfolio Solutions LLC raised its holdings in Amkor Technology by 27.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,651 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 2,297 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMKR shares. Morgan Stanley lowered their target price on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. B. Riley downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Amkor Technology in a report on Thursday, April 17th. JPMorgan Chase & Co. cut 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. Finally, Needham & Company LLC lowered their price target on Amkor Technology from $34.00 to $22.00 and set a “buy” 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Amkor Technology Stock Up 0.3%

AMKR opened at $21.23 on Tuesday. The stock has a fifty day moving average of $20.45 and a 200-day moving average of $20.35. The company has a market capitalization of $5.25 billion, a P/E ratio of 16.59 and a beta of 1.85. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $39.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $0.27 earnings per share. Amkor Technology’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.56%. Amkor Technology’s dividend payout ratio is presently 25.78%.

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.