Retirement Systems of Alabama Acquires 413 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Retirement Systems of Alabama boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,277 shares of the semiconductor company’s stock after acquiring an additional 413 shares during the period. Retirement Systems of Alabama’s holdings in Amkor Technology were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB increased its position in Amkor Technology by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock worth $631,000 after buying an additional 1,600 shares during the period. Trexquant Investment LP bought a new position in Amkor Technology during the 3rd quarter worth $1,142,000. Invesco Ltd. increased its position in Amkor Technology by 12.3% during the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after buying an additional 144,280 shares during the period. Wellington Management Group LLP bought a new position in Amkor Technology during the 3rd quarter worth $4,280,000. Finally, Vanguard Group Inc. increased its position in Amkor Technology by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after buying an additional 1,300,745 shares during the period. Institutional investors own 42.76% of the company’s stock.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The sale was disclosed in a legal 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 Amkor Technology stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total transaction of $156,500.00. Following the sale, the executive vice president now directly owns 25,280 shares of the company’s stock, valued at $791,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,500 shares of company stock valued at $2,651,220. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Performance

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

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. Amkor Technology’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, analysts anticipate that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid 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 was Monday, March 11th. Amkor Technology’s payout ratio is 20.39%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMKR shares. The Goldman Sachs Group increased their price objective on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Fox Advisors started coverage on Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a report on Tuesday, April 30th. B. Riley reissued a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. Finally, DA Davidson increased their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus target price 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.