State of New Jersey Common Pension Fund D Takes $2.78 Million Position in Amkor Technology, Inc. $AMKR

State of New Jersey Common Pension Fund D acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 70,279 shares of the semiconductor company's stock, valued at approximately $2,775,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Amkor Technology by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company's stock valued at $448,148,000 after acquiring an additional 687,900 shares during the period. AQR Capital Management LLC boosted its holdings in Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company's stock worth $119,607,000 after buying an additional 653,489 shares during the period. American Century Companies Inc. boosted its holdings in Amkor Technology by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company's stock worth $108,942,000 after buying an additional 17,656 shares during the period. First Trust Advisors LP boosted its holdings in Amkor Technology by 17.6% in the 3rd quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company's stock worth $56,277,000 after buying an additional 296,057 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company's stock worth $44,719,000 after buying an additional 1,186,313 shares during the period. Institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. B. Riley Financial upped their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Zacks Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. UBS Group set a $43.00 target price on shares of Amkor Technology in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amkor Technology in a report on Monday, April 20th. Finally, Morgan Stanley upped their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.75.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the company's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $59.43, for a total transaction of $297,150.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,312,064.72. This represents a 11.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Guillaume Marie Jean Rutten sold 20,000 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total transaction of $976,000.00. Following the transaction, the director owned 543,866 shares in the company, valued at $26,540,660.80. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 42,500 shares of company stock worth $2,105,225. Insiders own 26.40% of the company's stock.

Amkor Technology Stock Up 8.1%

Shares of NASDAQ AMKR opened at $76.71 on Wednesday. The firm's 50-day moving average price is $53.51 and its 200-day moving average price is $45.91. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 43.83 and a beta of 2.29. Amkor Technology, Inc. has a 12-month low of $17.18 and a 12-month high of $79.23.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business's revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. On average, equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 12th. Amkor Technology's dividend payout ratio is currently 18.86%.

About Amkor Technology

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.

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