Teacher Retirement System of Texas Makes New $293,000 Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Teacher Retirement System of Texas bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,225 shares of the semiconductor company's stock, valued at approximately $293,000.

A number of other large investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 1,530 shares during the period. Bessemer Group Inc. increased its stake in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares during the period. Hurley Capital LLC purchased a new stake in Amkor Technology during the fourth quarter worth about $43,000. Versant Capital Management Inc increased its stake in Amkor Technology by 467.7% during the first quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 2,479 shares during the period. Finally, Palouse Capital Management Inc. increased its stake in Amkor Technology by 52.2% during the first quarter. Palouse Capital Management Inc. now owns 4,010 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,375 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Trading Down 0.6%

NASDAQ:AMKR traded down $0.13 during mid-day trading on Friday, reaching $21.51. The company's stock had a trading volume of 1,093,973 shares, compared to its average volume of 1,807,596. The company's fifty day simple moving average is $20.26 and its two-hundred day simple moving average is $20.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $41.53. The stock has a market cap of $5.31 billion, a P/E ratio of 16.80 and a beta of 1.85.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. On average, equities analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Analysts Set New Price Targets

AMKR has been the topic of several recent analyst reports. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. DA Davidson decreased their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley decreased 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. The Goldman Sachs Group began coverage on Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective for the company. Finally, Needham & Company LLC decreased their price objective 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and a consensus price target of $26.50.

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.