Navellier & Associates Inc. Buys 3,377 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Navellier & Associates Inc. grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 25.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,795 shares of the semiconductor company’s stock after acquiring an additional 3,377 shares during the period. Navellier & Associates Inc.’s holdings in Amkor Technology were worth $431,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Amkor Technology during the third quarter valued at approximately $39,000. Larson Financial Group LLC increased its holdings in Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares during the period. Blue Trust Inc. increased its holdings in Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 922 shares during the period. Quarry LP increased its holdings in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,535 shares during the period. Finally, 1620 Investment Advisors Inc. increased its holdings in 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMKR. KeyCorp cut their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. The Goldman Sachs Group cut their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Finally, Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.50.

Amkor Technology Price Performance

Shares of AMKR opened at $22.24 on Monday. The firm has a market capitalization of $5.49 billion, a PE ratio of 15.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a 1-year low of $21.46 and a 1-year high of $44.86. The company’s fifty day moving average price is $24.99 and its 200-day moving average price is $27.74.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. On average, equities research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.49%. Amkor Technology’s dividend payout ratio is presently 23.08%.

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.