Mirae Asset Global Investments Co. Ltd. Has $8.72 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Mirae Asset Global Investments Co. Ltd. lowered its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 334,571 shares of the semiconductor company’s stock after selling 3,641 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.14% of Amkor Technology worth $8,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AMKR. Neo Ivy Capital Management bought a new stake in Amkor Technology during the third quarter valued at $930,000. Valley Wealth Managers Inc. increased its stake in shares of Amkor Technology by 115.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock valued at $22,359,000 after acquiring an additional 391,002 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after acquiring an additional 131,106 shares during the period. Principal Financial Group Inc. grew its holdings in Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares during the period. Finally, General American Investors Co. Inc. bought a new position in shares of Amkor Technology during the 3rd quarter worth about $3,060,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

AMKR stock opened at $24.33 on Friday. The firm has a market cap of $6.00 billion, a PE ratio of 16.44 and a beta of 1.81. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $25.79 and a 200-day moving average of $28.57. Amkor Technology, Inc. has a 12-month low of $23.33 and a 12-month high of $44.86.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.36%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is presently 22.30%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMKR shares. Morgan Stanley cut their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. DA Davidson reduced their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Finally, Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.50.

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.