Illinois Municipal Retirement Fund Acquires 17,244 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Illinois Municipal Retirement Fund boosted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 21.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 98,897 shares of the semiconductor company’s stock after purchasing an additional 17,244 shares during the period. Illinois Municipal Retirement Fund’s holdings in Amkor Technology were worth $3,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 755 shares in the last quarter. Fifth Third Bancorp grew its holdings in Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the last quarter. Blue Trust Inc. grew its holdings in Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 540 shares during the last quarter. CWM LLC grew its holdings in Amkor Technology by 81.1% during the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Amkor Technology by 26.2% during the third quarter. Acadian Asset Management LLC now owns 4,217 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 875 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Up 1.4 %

Shares of NASDAQ AMKR opened at $29.86 on Thursday. The stock has a market cap of $7.34 billion, a PE ratio of 20.45 and a beta of 1.96. The business has a fifty day moving average of $31.58 and a two-hundred day moving average of $29.53. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.06%. Amkor Technology’s payout ratio is presently 21.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMKR. Needham & Company LLC began coverage on shares of Amkor Technology in a research note on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Fox Advisors began coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating on the stock. Finally, The Goldman Sachs Group began coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Megan Faust sold 2,800 shares of Amkor Technology stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $31.09, for a total value of $87,052.00. Following the completion of the transaction, the chief financial officer now directly owns 53,023 shares of the company’s stock, valued at $1,648,485.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,500 shares of company stock valued at $2,494,720. 31.40% of the stock is currently owned by company insiders.

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.