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

State of Alaska Department of Revenue lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,112 shares of the semiconductor company’s stock after buying 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 SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in shares of Amkor Technology in the 3rd quarter valued at about $930,000. Valley Wealth Managers Inc. lifted its stake in Amkor Technology by 115.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock valued at $22,359,000 after purchasing an additional 391,002 shares during the last quarter. Geode Capital Management LLC increased its position in Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after buying an additional 131,106 shares during the last quarter. Principal Financial Group Inc. raised its stake in Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after buying an additional 925,644 shares during the period. Finally, General American Investors Co. Inc. acquired a new stake in shares of Amkor Technology in the third quarter valued at approximately $3,060,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Down 1.1 %

NASDAQ AMKR opened at $24.33 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 16.44 and a beta of 1.81. The company has a 50 day moving average of $25.79 and a 200-day moving average of $28.57. Amkor Technology, Inc. has a 1-year low of $23.33 and a 1-year high of $44.86.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were issued 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 yield of 1.36%. Amkor Technology’s payout ratio is currently 22.30%.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and decreased their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC decreased their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, DA Davidson cut their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

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.