Janney Montgomery Scott LLC Buys 1,456 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Janney Montgomery Scott LLC grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 33,925 shares of the semiconductor company’s stock after acquiring an additional 1,456 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Amkor Technology were worth $872,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Amkor Technology during the 3rd quarter worth approximately $39,000. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 580 shares during the period. Ulland Investment Advisors LLC bought a new stake in shares of Amkor Technology in the third quarter worth $82,000. Quarry LP increased its holdings in Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,535 shares during the period. Finally, 1620 Investment Advisors Inc. raised its position 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 purchasing an additional 3,062 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note 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 on the stock in a research report on Tuesday, October 29th. 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. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Six equities research 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 stock currently has a consensus rating of “Hold” and an average price target of $35.50.

Amkor Technology Stock Down 1.2 %

Amkor Technology stock opened at $24.60 on Friday. 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 $23.33 and a 1-year high of $44.86. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.62 and a beta of 1.81. The firm has a 50 day simple moving average of $25.83 and a 200 day simple moving average of $28.69.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a dividend of $0.0827 per share. 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 annualized dividend and a dividend yield of 1.34%. Amkor Technology’s dividend payout ratio is currently 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.