Ieq Capital LLC Increases Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Ieq Capital LLC boosted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 374.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,118 shares of the semiconductor company’s stock after buying an additional 37,181 shares during the period. Ieq Capital LLC’s holdings in Amkor Technology were worth $1,210,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMKR. Capital Performance Advisors LLP bought a new position in Amkor Technology during the third quarter valued at $39,000. Larson Financial Group LLC grew its holdings in Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the last quarter. Blue Trust Inc. raised its position in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 922 shares during the period. Quarry LP lifted its stake in Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 2,535 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Amkor Technology by 400.8% during the third quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 3,062 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Down 1.3 %

Shares of Amkor Technology stock opened at $21.95 on Tuesday. Amkor Technology, Inc. has a 1 year low of $21.46 and a 1 year high of $44.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 15.35 and a beta of 1.81. The firm’s 50-day moving average is $24.89 and its two-hundred day moving average is $27.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Wall Street Analyst Weigh In

AMKR has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. B. Riley reduced their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. The Goldman Sachs Group decreased their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, KeyCorp decreased their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.50.

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.