Louisiana State Employees Retirement System Takes $965,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Louisiana State Employees Retirement System acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,000 shares of the semiconductor company’s stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMKR. Vanguard Group Inc. lifted its stake in Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after acquiring an additional 1,300,745 shares during the last quarter. SW Investment Management LLC lifted its stake in Amkor Technology by 9.3% in the third quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock worth $53,110,000 after acquiring an additional 200,000 shares during the last quarter. AQR Capital Management LLC lifted its stake in Amkor Technology by 39.3% in the third quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company’s stock worth $43,835,000 after acquiring an additional 547,604 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Amkor Technology by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company’s stock worth $38,659,000 after acquiring an additional 311,966 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in 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 acquiring an additional 144,280 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AMKR. Fox Advisors began coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Needham & Company LLC began coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Amkor Technology in a research report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Amkor Technology Trading Up 1.4 %

NASDAQ AMKR opened at $29.86 on Thursday. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The company’s 50 day moving average price is $31.58 and its 200 day moving average price is $29.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 20.45 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company earned $0.67 earnings per share. Amkor Technology’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, sell-side analysts predict that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is 21.23%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Megan Faust sold 2,700 shares of the firm’s 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 sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,789,788.64. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock valued at $2,494,720 over the last 90 days. 31.40% of the stock is owned by corporate insiders.

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.