Maryland State Retirement & Pension System Purchases New Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Maryland State Retirement & Pension System acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,782 shares of the semiconductor company’s stock, valued at approximately $351,000.

Several other institutional investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Amkor Technology in the second quarter worth approximately $31,000. Pineridge Advisors LLC bought a new position in Amkor Technology in the 4th quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in Amkor Technology in the first quarter worth $43,000. Blue Trust Inc. lifted its position in shares of Amkor Technology by 158.3% during the second quarter. Blue Trust Inc. now owns 2,255 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,382 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Amkor Technology by 15.1% during the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 309 shares during the period. Institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at $655,146.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $42.94, for a total value of $1,073,500.00. Following the completion of the sale, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at approximately $5,510,619.02. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMKR shares. Morgan Stanley raised their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. B. Riley lifted their price target on shares of Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. assumed coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, Needham & Company LLC raised their price objective on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Amkor Technology currently has an average rating of “Moderate Buy” and an average target price of $41.14.

Amkor Technology Stock Down 10.0 %

Amkor Technology stock opened at $29.60 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.28 billion, a P/E ratio of 19.47 and a beta of 1.86. The business has a fifty day moving average of $35.91 and a two-hundred day moving average of $33.78. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts forecast that Amkor Technology, Inc. will post 1.53 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be given a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

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.