Nisa Investment Advisors LLC Acquires 9,140 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Nisa Investment Advisors LLC boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 1,128.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,950 shares of the semiconductor company’s stock after acquiring an additional 9,140 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Amkor Technology were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Amkor Technology in the third quarter worth approximately $39,000. Larson Financial Group LLC grew 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 worth $56,000 after buying an additional 580 shares in the last quarter. Ulland Investment Advisors LLC purchased a new stake in Amkor Technology in the 3rd quarter valued at $82,000. Quarry LP lifted its stake in Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its holdings in Amkor Technology by 400.8% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 3,062 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMKR. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report 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. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Needham & Company LLC dropped their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $24.52 on Thursday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 16.57 and a beta of 1.83. The stock has a fifty day simple moving average of $26.05 and a two-hundred day simple moving average of $29.33. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 1-year low of $23.36 and a 1-year high of $44.86.

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

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were paid a $0.0827 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.35%. Amkor Technology’s dividend payout ratio (DPR) is presently 22.30%.

Amkor Technology Company 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.