Universal Beteiligungs und Servicegesellschaft mbH Invests $8.34 Million in Amkor Technology, Inc. (NASDAQ:AMKR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 4th quarter, Holdings Channel.com reports. The fund bought 324,802 shares of the semiconductor company’s stock, valued at approximately $8,344,000.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Amkor Technology by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company’s stock worth $54,209,000 after purchasing an additional 15,211 shares during the period. Raymond James Financial Inc. bought a new position in shares of Amkor Technology during the fourth quarter worth approximately $5,666,000. Blue Trust Inc. increased its holdings in shares of Amkor Technology by 36.9% during the fourth 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. Barclays PLC increased its holdings in shares of Amkor Technology by 99.5% during the third quarter. Barclays PLC now owns 405,400 shares of the semiconductor company’s stock worth $12,406,000 after purchasing an additional 202,218 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares during the period. 42.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented 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. Needham & Company LLC reduced their price target 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. JPMorgan Chase & Co. reduced their price target 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. DA Davidson reduced their price target 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Amkor Technology Price Performance

AMKR stock opened at $18.03 on Friday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 12.61 and a beta of 1.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86. The company’s fifty day simple moving average is $17.67 and its 200 day simple moving average is $21.94.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Amkor Technology’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.83%. Amkor Technology’s payout ratio is 25.78%.

Amkor Technology Profile

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.