Louisiana State Employees Retirement System Purchases Shares of 29,000 Amkor Technology, Inc. (NASDAQ:AMKR)

Louisiana State Employees Retirement System purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,000 shares of the semiconductor company’s stock, valued at approximately $965,000.

Other institutional investors have also recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of Amkor Technology in the third quarter worth $1,142,000. Invesco Ltd. raised its position in Amkor Technology by 12.3% during the third quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after acquiring an additional 144,280 shares in the last quarter. Wellington Management Group LLP bought a new stake in Amkor Technology during the third quarter worth $4,280,000. Vanguard Group Inc. raised its position in Amkor Technology by 10.4% during the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after acquiring an additional 1,300,745 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Amkor Technology during the third quarter worth $1,107,000. Institutional investors own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMKR. Needham & Company LLC began coverage on shares of Amkor Technology in a research report on Tuesday, April 9th. They set a “buy” rating and a $40.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Amkor Technology in a research report on Thursday, February 29th. They set a “neutral” rating and a $32.00 price target on the stock. Finally, Fox Advisors assumed coverage on shares of Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total value of $779,250.00. Following the transaction, the chief executive officer now directly owns 114,476 shares in the company, valued at $3,568,216.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Megan Faust sold 2,700 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the transaction, the chief financial officer now owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the completion of the transaction, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at approximately $3,568,216.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,500 shares of company stock worth $2,494,720. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $29.86 on Thursday. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The company has a market cap of $7.34 billion, a P/E ratio of 20.45 and a beta of 1.96. The firm’s fifty day moving average price is $31.58 and its two-hundred day moving average price is $29.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted $0.67 earnings per share. Amkor Technology’s revenue was down 8.1% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. Amkor Technology’s dividend payout ratio (DPR) is presently 21.23%.

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.