Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 94,286 shares of the semiconductor company’s stock after selling 2,030 shares during the quarter. New York State Common Retirement Fund’s holdings in Amkor Technology were worth $3,137,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Amkor Technology by 1,324.6% during the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after buying an additional 755 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 347 shares during the last quarter. Blue Trust Inc. increased its position in shares of Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 540 shares in the last quarter. Acadian Asset Management LLC raised its stake in Amkor Technology by 26.2% in the 3rd quarter. Acadian Asset Management LLC now owns 4,217 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 875 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Amkor Technology by 31.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,674 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 1,364 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Trading Up 0.1 %

AMKR opened at $32.37 on Tuesday. The business’s 50 day moving average price is $31.74 and its 200 day moving average price is $30.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.08 and a current ratio of 2.34. The stock has a market capitalization of $7.96 billion, a PE ratio of 21.30 and a beta of 1.94. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.78 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 20.39%.

Insider Activity

In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction 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 approximately $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total transaction of $156,500.00. Following the sale, the executive vice president now owns 25,280 shares of the company’s stock, valued at $791,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Megan Faust sold 2,700 shares of Amkor Technology stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction 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 approximately $1,177,525.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,500 shares of company stock valued at $2,651,220. Company insiders own 31.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a research note on Tuesday, April 30th. B. Riley restated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of Amkor Technology in a research report on Tuesday, April 30th. Morgan Stanley increased their price objective on shares of Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. The Goldman Sachs Group boosted their target price on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Fox Advisors initiated coverage on Amkor Technology in a research report on Thursday, March 14th. They issued an “equal weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.67.

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.