State of Alaska Department of Revenue Acquires 29,780 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

State of Alaska Department of Revenue grew its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,112 shares of the semiconductor company's stock after acquiring an additional 29,780 shares during the quarter. State of Alaska Department of Revenue owned about 0.09% of Amkor Technology worth $5,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Highland Capital Management LLC increased its holdings in Amkor Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock worth $201,000 after purchasing an additional 482 shares in the last quarter. KBC Group NV grew its holdings in Amkor Technology by 1.8% during the fourth quarter. KBC Group NV now owns 103,870 shares of the semiconductor company's stock worth $2,668,000 after buying an additional 1,855 shares in the last quarter. Blue Trust Inc. raised its position in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after buying an additional 922 shares during the last quarter. Inspire Investing LLC lifted its stake in Amkor Technology by 16.0% during the 4th quarter. Inspire Investing LLC now owns 15,642 shares of the semiconductor company's stock valued at $402,000 after acquiring an additional 2,163 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Amkor Technology by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 33,925 shares of the semiconductor company's stock worth $872,000 after acquiring an additional 1,456 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMKR. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and dropped their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Melius Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. The Goldman Sachs Group reduced their target price on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. KeyCorp cut their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com lowered Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Stock Performance

AMKR traded down $2.77 during trading hours on Tuesday, hitting $21.59. The stock had a trading volume of 5,334,249 shares, compared to its average volume of 1,533,166. Amkor Technology, Inc. has a 1 year low of $21.59 and a 1 year high of $44.86. The company's fifty day simple moving average is $25.62 and its 200 day simple moving average is $28.20. The stock has a market cap of $5.32 billion, a PE ratio of 14.59 and a beta of 1.81. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Equities analysts anticipate that Amkor Technology, Inc. will post 1.38 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a $0.0827 dividend. The ex-dividend date was Wednesday, December 4th. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.53%. Amkor Technology's payout ratio is 22.30%.

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.