Hennion & Walsh Asset Management Inc. Acquires 2,255 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Hennion & Walsh Asset Management Inc. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 34.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,862 shares of the semiconductor company’s stock after purchasing an additional 2,255 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Amkor Technology were worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Amkor Technology by 24,383.3% in the 3rd 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 in the last quarter. State Street Corp raised its holdings in Amkor Technology by 5.6% in the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after purchasing an additional 176,528 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Amkor Technology by 3.2% during the second quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock valued at $96,979,000 after buying an additional 75,364 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after buying an additional 131,106 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amkor Technology by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,878,912 shares of the semiconductor company’s stock worth $57,495,000 after buying an additional 88,226 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Price Performance

Amkor Technology stock opened at $26.72 on Wednesday. The company has a fifty day simple moving average of $26.10 and a 200-day simple moving average of $29.96. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.05 and a beta of 1.83. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.38 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.24%. Amkor Technology’s dividend payout ratio is currently 22.30%.

Analyst Ratings Changes

Several research firms have issued reports on AMKR. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group reduced their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Amkor Technology presently has a consensus 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.