Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC increased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,814 shares of the semiconductor company’s stock after acquiring an additional 482 shares during the quarter. Highland Capital Management LLC’s holdings in Amkor Technology were worth $201,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in 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 purchasing an additional 3,772,095 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in Amkor Technology during the third quarter worth approximately $42,610,000. Wellington Management Group LLP lifted its position in 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 worth $34,704,000 after buying an additional 951,764 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after buying an additional 925,644 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Amkor Technology by 35.7% in the 3rd quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after acquiring an additional 409,241 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

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

Amkor Technology Stock Down 1.0 %

NASDAQ:AMKR opened at $24.61 on Friday. Amkor Technology, Inc. has a 52 week low of $23.36 and a 52 week high of $44.86. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $25.98 and its two-hundred day moving average is $29.17. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.63 and a beta of 1.83.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.34%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 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.