New York State Teachers Retirement System Sells 1,298 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

New York State Teachers Retirement System lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,759 shares of the semiconductor company’s stock after selling 1,298 shares during the period. New York State Teachers Retirement System’s holdings in Amkor Technology were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMKR. Alliancebernstein L.P. grew its position in Amkor Technology by 1,757.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock worth $124,424,000 after acquiring an additional 3,957,221 shares during the last quarter. First Trust Advisors LP grew its position in Amkor Technology by 192.4% during the 1st quarter. First Trust Advisors LP now owns 2,129,215 shares of the semiconductor company’s stock worth $55,402,000 after acquiring an additional 1,401,109 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Amkor Technology by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after buying an additional 1,300,745 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Amkor Technology by 309.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,478,046 shares of the semiconductor company’s stock valued at $33,404,000 after buying an additional 1,116,729 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Amkor Technology by 244.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,312,502 shares of the semiconductor company’s stock valued at $39,047,000 after buying an additional 930,992 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of analyst reports. Needham & Company LLC initiated coverage on Amkor Technology in a research report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target on the stock. The Goldman Sachs Group initiated coverage on Amkor Technology in a research report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price target on the stock. Finally, Fox Advisors initiated coverage on Amkor Technology in a research report on Thursday, March 14th. They issued an “equal weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Insider Activity at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $32.00, for a total transaction of $86,400.00. Following the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $1,132,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $32.00, for a total transaction of $86,400.00. Following the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $1,132,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’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 value of $765,750.00. Following the transaction, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. Insiders have sold a total of 58,200 shares of company stock worth $1,801,870 in the last 90 days. Corporate insiders own 53.30% of the company’s stock.

Amkor Technology Stock Down 0.3 %

Shares of Amkor Technology stock opened at $31.21 on Wednesday. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02. The stock’s 50-day moving average is $31.71 and its 200 day moving average is $29.29. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 21.38 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced 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 was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. Amkor Technology’s payout ratio is 21.23%.

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.