New York State Teachers Retirement System Acquires 782 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

New York State Teachers Retirement System raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,718 shares of the semiconductor company’s stock after acquiring an additional 782 shares during the quarter. New York State Teachers Retirement System’s holdings in Amkor Technology were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMKR. Raymond James & Associates bought a new stake in Amkor Technology during the third quarter valued at $5,148,000. Hennion & Walsh Asset Management Inc. bought a new stake in Amkor Technology during the third quarter valued at $202,000. Highland Capital Management LLC boosted its position in Amkor Technology by 10.9% during the third quarter. Highland Capital Management LLC now owns 7,332 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 720 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Amkor Technology by 7.5% during the third quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Amkor Technology by 253.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,281 shares of the semiconductor company’s stock valued at $559,000 after acquiring an additional 13,111 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Down 3.3 %

Amkor Technology stock opened at $22.24 on Monday. Amkor Technology, Inc. has a twelve month low of $21.46 and a twelve month high of $44.86. The firm has a 50 day moving average price of $24.99 and a 200-day moving average price of $27.74. The company has a market capitalization of $5.49 billion, a P/E ratio of 15.55 and a beta of 1.81. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Analysts Set New Price Targets

A number of brokerages have commented on AMKR. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group cut their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, B. Riley cut their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.50.

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.