Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 0.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,621 shares of the semiconductor company’s stock after buying an additional 344 shares during the quarter. Retirement Systems of Alabama owned 0.05% of Amkor Technology worth $4,179,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMKR. Allworth Financial LP boosted its stake in Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 755 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of Amkor Technology in the 4th quarter valued at $28,000. Fifth Third Bancorp boosted its position in shares of Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Amkor Technology by 1,414.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 806 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Amkor Technology by 57.0% in the 4th quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 540 shares during the period. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Amkor Technology in a research report on Tuesday, April 30th. JPMorgan Chase & Co. assumed coverage on Amkor Technology in a research report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target for the company. Finally, DA Davidson increased their price target on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.43.

View Our Latest Research Report on AMKR

Amkor Technology Stock Down 0.6 %

AMKR opened at $40.06 on Friday. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $41.86. The business has a 50-day moving average of $34.85 and a 200-day moving average of $32.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.08. The company has a market capitalization of $9.85 billion, a PE ratio of 26.36 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted 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. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were paid a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, June 4th. Amkor Technology’s payout ratio is 20.39%.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was 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 of the company’s stock, valued at approximately $3,568,216.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was 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 of the company’s stock, valued at approximately $3,568,216.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.20, for a total value of $644,000.00. Following the completion of the transaction, the director now directly owns 129,218 shares in the company, valued at $4,160,819.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,000 shares of company stock valued at $2,414,000. Corporate insiders own 31.40% of the company’s stock.

About Amkor Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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