Amkor Technology, Inc. (NASDAQ:AMKR) Stake Lowered by DGS Capital Management LLC

DGS Capital Management LLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 30.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,155 shares of the semiconductor company’s stock after selling 6,222 shares during the quarter. DGS Capital Management LLC’s holdings in Amkor Technology were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMKR. Pacer Advisors Inc. grew its position in shares of Amkor Technology by 24,383.3% during the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock worth $115,899,000 after acquiring an additional 3,772,095 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Amkor Technology during the 2nd quarter valued at about $58,379,000. Ceredex Value Advisors LLC bought a new position in Amkor Technology in the 3rd quarter worth about $42,610,000. Millennium Management LLC increased its stake in shares of Amkor Technology by 359.7% in the second quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock valued at $54,439,000 after purchasing an additional 1,064,404 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Amkor Technology by 522.0% during the third quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock valued at $34,704,000 after buying an additional 951,764 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Price Performance

NASDAQ AMKR opened at $25.69 on Friday. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86. The business’s fifty day moving average is $26.12 and its two-hundred day moving average is $29.72. The stock has a market capitalization of $6.34 billion, a P/E ratio of 17.36 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. On average, research analysts forecast that Amkor Technology, Inc. will post 1.38 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a $0.0827 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. DA Davidson decreased their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, KeyCorp dropped their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.