Amkor Technology, Inc. (NASDAQ:AMKR) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,181 shares of the semiconductor company’s stock after buying an additional 3,008 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Amkor Technology were worth $1,842,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMKR. Vanguard Group Inc. grew its holdings in Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock worth $482,847,000 after buying an additional 219,638 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Amkor Technology by 3.2% in the second quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock worth $96,979,000 after purchasing an additional 75,364 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Amkor Technology by 54.4% during the second quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock valued at $66,966,000 after purchasing an additional 589,530 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Amkor Technology during the second quarter valued at about $58,379,000. Finally, Ceredex Value Advisors LLC acquired a new stake in Amkor Technology in the third quarter worth about $42,610,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Trading Up 0.8 %

Shares of NASDAQ AMKR opened at $25.39 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 17.16 and a beta of 1.85. The business has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $32.87.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is currently 20.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMKR shares. Needham & Company LLC reduced their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. KeyCorp decreased their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Morgan Stanley lowered their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

Insiders Place Their Bets

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares of the company’s stock, valued at $655,146.87. This trade represents a 50.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology 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.