State of New Jersey Common Pension Fund D Increases Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

State of New Jersey Common Pension Fund D increased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMKR. Sei Investments Co. boosted its position in shares of Amkor Technology by 88.6% in the first quarter. Sei Investments Co. now owns 74,835 shares of the semiconductor company’s stock worth $2,413,000 after acquiring an additional 35,157 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Amkor Technology by 254.7% in the 1st quarter. Russell Investments Group Ltd. now owns 215,134 shares of the semiconductor company’s stock valued at $6,936,000 after purchasing an additional 154,484 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Amkor Technology by 50.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 101,701 shares of the semiconductor company’s stock valued at $3,279,000 after buying an additional 34,226 shares during the period. Vanguard Group Inc. increased its holdings in shares of Amkor Technology by 1.5% during 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 during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Amkor Technology in the 1st quarter worth $941,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMKR. DA Davidson lowered their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC decreased their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. KeyCorp dropped their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and a consensus target price of $36.29.

Insider Buying and Selling

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

Amkor Technology Price Performance

AMKR opened at $25.39 on Tuesday. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 17.16 and a beta of 1.85. The company 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts expect that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is presently 20.95%.

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.