Public Employees Retirement System of Ohio Invests $1.60 Million in Amkor Technology, Inc. (NASDAQ:AMKR)

Public Employees Retirement System of Ohio bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,383 shares of the semiconductor company's stock, valued at approximately $1,603,000.

Other hedge funds have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its position in Amkor Technology by 0.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock worth $2,313,000 after buying an additional 484 shares during the last quarter. Robotti Robert boosted its stake in shares of Amkor Technology by 0.3% during the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock worth $5,545,000 after acquiring an additional 705 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock worth $1,020,000 after acquiring an additional 782 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock worth $2,461,000 after acquiring an additional 785 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 922 shares during the period. Institutional investors own 42.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMKR shares. Needham & Company LLC reduced their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, Morgan Stanley lowered their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.00.

Amkor Technology Price Performance

NASDAQ AMKR traded down $0.13 on Thursday, hitting $18.86. 767,096 shares of the company's stock were exchanged, compared to its average volume of 1,854,549. The stock has a 50-day moving average of $17.67 and a 200-day moving average of $21.79. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 13.20 and a beta of 1.86. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Amkor Technology's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. Analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's payout ratio is presently 25.78%.

About Amkor Technology

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.