Louisiana State Employees Retirement System Purchases Shares of 33,000 Amkor Technology, Inc. $AMKR

Louisiana State Employees Retirement System purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 33,000 shares of the semiconductor company’s stock, valued at approximately $1,486,000.

Several other large investors have also recently modified their holdings of AMKR. O Shaughnessy Asset Management LLC grew its stake in shares of Amkor Technology by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 202 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Amkor Technology by 0.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after purchasing an additional 218 shares during the period. Evolve Private Wealth LLC raised its position in Amkor Technology by 3.0% during the 1st quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 222 shares during the last quarter. Root Financial Partners LLC raised its position in Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Amkor Technology by 11.3% during the 4th quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after buying an additional 269 shares during the period. Institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMKR shares. B. Riley Financial upped their price target on Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Amkor Technology has an average rating of “Hold” and a consensus target price of $69.88.

Insider Buying and Selling

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $74.28, for a total value of $3,714,000.00. Following the transaction, the director owned 502,558 shares in the company, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Winston J. Churchill sold 5,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the transaction, the director owned 28,781 shares of the company’s stock, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,000 shares of company stock worth $8,928,600 in the last three months. Insiders own 26.40% of the company’s stock.

Amkor Technology Stock Down 12.9%

Shares of NASDAQ:AMKR opened at $69.65 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a 52-week low of $20.59 and a 52-week high of $96.68. The business’s 50 day simple moving average is $75.56 and its two-hundred day simple moving average is $57.84. The firm has a market cap of $17.26 billion, a P/E ratio of 39.80 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s dividend payout ratio is presently 18.86%.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.