Louisiana State Employees Retirement System Invests $965,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Louisiana State Employees Retirement System purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,000 shares of the semiconductor company's stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMKR. Vanguard Group Inc. increased its position in shares of Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company's stock worth $311,816,000 after purchasing an additional 1,300,745 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Amkor Technology by 39.3% during the third quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company's stock valued at $43,835,000 after purchasing an additional 547,604 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of Amkor Technology during the third quarter valued at approximately $10,015,000. Rokos Capital Management LLP purchased a new stake in shares of Amkor Technology during the third quarter valued at approximately $7,640,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amkor Technology by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company's stock valued at $38,659,000 after purchasing an additional 311,966 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Up 0.8 %

AMKR traded up $0.23 during trading on Thursday, reaching $30.09. The stock had a trading volume of 969,428 shares, compared to its average volume of 920,028. The stock's 50 day moving average is $31.57 and its two-hundred day moving average is $29.53. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 20.61 and a beta of 1.96. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The firm's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.05%. Amkor Technology's payout ratio is presently 21.23%.

Insider Activity

In other news, CFO Megan Faust sold 2,700 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the transaction, the chief financial officer now directly owns 38,811 shares in the company, valued at $1,177,525.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.23, for a total transaction of $780,750.00. Following the sale, the chief executive officer now directly owns 124,476 shares of the company's stock, valued at $3,887,385.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the sale, the chief financial officer now directly owns 38,811 shares in the company, valued at $1,177,525.74. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock worth $2,494,720 over the last three months. 31.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on AMKR shares. Fox Advisors started coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an "equal weight" rating for the company. Needham & Company LLC started coverage on Amkor Technology in a research note on Tuesday, April 9th. They issued a "buy" rating and a $40.00 price target for the company. Finally, The Goldman Sachs Group started coverage on Amkor Technology in a research note on Thursday, February 29th. They issued a "neutral" rating and a $32.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.33.

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.