New York State Common Retirement Fund Sells 2,030 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

New York State Common Retirement Fund lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,286 shares of the semiconductor company’s stock after selling 2,030 shares during the period. 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.

A number of other large investors have also recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its holdings 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 purchasing an additional 1,600 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Amkor Technology during the third quarter valued at about $1,142,000. Invesco Ltd. lifted its holdings in shares of Amkor Technology by 12.3% in the third 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 in the last quarter. Wellington Management Group LLP bought a new position in shares of Amkor Technology in the third quarter valued at approximately $4,280,000. Finally, Vanguard Group Inc. grew its stake 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 valued at $311,816,000 after acquiring an additional 1,300,745 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Activity at Amkor Technology

In other news, 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 directly owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 25,280 shares of the company’s stock, valued at $791,264. The disclosure for this sale can be found here. Insiders sold a total of 85,500 shares of company stock valued at $2,651,220 in the last three months. Company insiders own 31.40% of the company’s stock.

Amkor Technology Stock Up 0.1 %

Shares of NASDAQ AMKR opened at $32.37 on Tuesday. The firm has a fifty day simple moving average of $31.74 and a two-hundred day simple moving average of $30.05. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.96 billion, a PE ratio of 21.30 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $1.37 billion during 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%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. Equities analysts expect that Amkor Technology, Inc. will post 1.78 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 given a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. Amkor Technology’s dividend payout ratio (DPR) is currently 20.39%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Amkor Technology in a research note on Tuesday, April 30th. 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. B. Riley restated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a research report on Tuesday, April 30th. Morgan Stanley upped their target price on Amkor Technology from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, DA Davidson lifted 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.67.

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.