Inspire Investing LLC Has $402,000 Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Inspire Investing LLC boosted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 16.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,642 shares of the semiconductor company’s stock after buying an additional 2,163 shares during the period. Inspire Investing LLC’s holdings in Amkor Technology were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMKR. Capital Performance Advisors LLP acquired a new stake in Amkor Technology in the 3rd quarter valued at approximately $39,000. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in shares of Amkor Technology in the third quarter worth $82,000. Quarry LP lifted its position in shares of Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after purchasing 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 third quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 3,062 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMKR. Morgan Stanley lowered their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. KeyCorp dropped their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. DA Davidson decreased their target price 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. JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Needham & Company LLC decreased their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and an average price target of $35.50.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $25.69 on Friday. The company has a 50-day simple moving average of $26.12 and a two-hundred day simple moving average of $29.72. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 17.36 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 (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts forecast that Amkor Technology, Inc. will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is 22.30%.

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.