Foster & Motley Inc. Cuts Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Foster & Motley Inc. trimmed its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,294 shares of the semiconductor company’s stock after selling 627 shares during the quarter. Foster & Motley Inc.’s holdings in Amkor Technology were worth $778,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in Amkor Technology by 67.5% in the 2nd quarter. Mackenzie Financial Corp now owns 44,401 shares of the semiconductor company’s stock valued at $1,777,000 after buying an additional 17,895 shares in the last quarter. Creative Planning lifted its position in shares of Amkor Technology by 77.0% in the second quarter. Creative Planning now owns 29,088 shares of the semiconductor company’s stock valued at $1,164,000 after acquiring an additional 12,658 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Amkor Technology by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 333 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Amkor Technology during the second quarter worth approximately $386,000. Finally, GAMMA Investing LLC raised its stake in Amkor Technology by 23.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,355 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMKR shares. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. KeyCorp dropped their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Needham & Company LLC dropped their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Amkor Technology Stock Down 1.0 %

AMKR stock opened at $24.61 on Friday. Amkor Technology, Inc. has a one year low of $23.36 and a one year high of $44.86. The firm has a market cap of $6.07 billion, a PE ratio of 16.63 and a beta of 1.83. The firm’s 50 day moving average price is $25.98 and its 200-day moving average price is $29.17. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were given a $0.0827 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.34%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is currently 22.30%.

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.