GHP Investment Advisors Inc. Raises Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

GHP Investment Advisors Inc. boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,786 shares of the semiconductor company’s stock after acquiring an additional 785 shares during the period. GHP Investment Advisors Inc.’s holdings in Amkor Technology were worth $2,461,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in shares of Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after acquiring an additional 3,772,095 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in Amkor Technology in the 3rd quarter valued at about $42,610,000. Wellington Management Group LLP lifted its holdings in Amkor Technology by 522.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock valued at $34,704,000 after purchasing an additional 951,764 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Amkor Technology by 35.7% during the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after buying an additional 409,241 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Amkor Technology stock opened at $24.60 on Friday. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 16.62 and a beta of 1.81. Amkor Technology, Inc. has a 12 month low of $23.33 and a 12 month high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock’s 50-day moving average is $25.83 and its 200-day moving average is $28.69.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were given 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 was Wednesday, December 4th. Amkor Technology’s payout ratio is 22.30%.

Analyst Upgrades and Downgrades

AMKR has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC reduced their target price on 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, The Goldman Sachs Group lowered their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.