Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other large investors have also recently bought and sold shares of AMKR. Vanguard Group Inc. raised its position in Amkor Technology by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after buying an additional 1,300,745 shares during the last quarter. SW Investment Management LLC increased its holdings in shares of Amkor Technology by 9.3% in the 3rd quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock valued at $53,110,000 after purchasing an additional 200,000 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Amkor Technology by 39.3% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amkor Technology by 22.3% in the 3rd 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 in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Amkor Technology by 12.3% in the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock valued at $29,790,000 after purchasing an additional 144,280 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of research analyst reports. Fox Advisors initiated coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating for the company. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Needham & Company LLC assumed 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Amkor Technology Price Performance

Amkor Technology stock opened at $29.86 on Thursday. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The stock has a market capitalization of $7.34 billion, a P/E ratio of 20.45 and a beta of 1.96. The firm’s 50-day moving average is $31.58 and its two-hundred day moving average is $29.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid 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 1.06%. Amkor Technology’s dividend payout ratio is currently 21.23%.

Insiders Place Their Bets

In related news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00. Following the completion of the transaction, the chief executive officer now owns 124,476 shares in the company, valued at approximately $3,887,385.48. The disclosure for this sale can be found here. Insiders have sold 80,500 shares of company stock valued at $2,494,720 in the last ninety days. Insiders own 31.40% of the company’s stock.

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.