62,383 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Purchased by Public Employees Retirement System of Ohio

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology during the 4th quarter worth $27,000. Jones Financial Companies Lllp grew its position in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,242 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Amkor Technology during the 4th quarter worth $43,000. Finally, Blue Trust Inc. grew its position in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after buying an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 2.3%

NASDAQ AMKR traded up $0.43 during trading on Friday, hitting $19.26. The company's stock had a trading volume of 1,501,101 shares, compared to its average volume of 1,863,202. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The company has a market cap of $4.76 billion, a PE ratio of 13.47 and a beta of 1.83. The business's 50 day simple moving average is $17.71 and its 200-day simple moving average is $21.70. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio is presently 25.78%.

Wall Street Analysts Forecast Growth

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

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.