State of Alaska Department of Revenue Has $4.77 Million Position in Amkor Technology, Inc. (NASDAQ:AMKR)

State of Alaska Department of Revenue boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 264,227 shares of the semiconductor company's stock after purchasing an additional 34,115 shares during the period. State of Alaska Department of Revenue owned 0.11% of Amkor Technology worth $4,771,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMKR. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after buying an additional 1,092,002 shares in the last quarter. First Trust Advisors LP grew its stake in Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock valued at $122,767,000 after acquiring an additional 350,809 shares in the last quarter. Alliancebernstein L.P. grew its stake in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after acquiring an additional 556,761 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after purchasing an additional 530,771 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Amkor Technology by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after purchasing an additional 15,211 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several research reports. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Morgan Stanley cut their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. DA Davidson dropped their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reduced their price target on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $0.70 on Tuesday, reaching $20.96. The stock had a trading volume of 1,848,680 shares, compared to its average volume of 1,866,153. The stock has a market cap of $5.18 billion, a P/E ratio of 16.38 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The business's 50-day moving average price is $18.56 and its two-hundred day moving average price is $21.17.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business earned $0.24 earnings per share. Amkor Technology's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.58%. Amkor Technology's dividend payout ratio is 25.78%.

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.