Teacher Retirement System of Texas Makes New Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Teacher Retirement System of Texas bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 16,225 shares of the semiconductor company’s stock, valued at approximately $293,000.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Amkor Technology by 15.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company’s stock worth $197,000 after buying an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Amkor Technology by 22.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company’s stock worth $379,000 after acquiring an additional 3,885 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Amkor Technology by 32.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 5,447 shares in the last quarter. Geode Capital Management LLC boosted its stake in Amkor Technology by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company’s stock valued at $54,209,000 after acquiring an additional 15,211 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $5,666,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 0.6%

Shares of AMKR stock opened at $21.51 on Friday. The stock’s 50-day simple moving average is $20.26 and its 200-day simple moving average is $20.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. The firm has a market capitalization of $5.31 billion, a PE ratio of 16.80 and a beta of 1.85. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $41.53.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. Equities analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.54%. Amkor Technology’s payout ratio is 25.78%.

Wall Street Analyst Weigh In

AMKR has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. DA Davidson reduced their target price on Amkor Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Needham & Company LLC reduced their target price on Amkor Technology from $34.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. B. Riley lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and an average target price of $26.50.

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.