California Public Employees Retirement System lifted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,732 shares of the semiconductor company’s stock after acquiring an additional 20,411 shares during the quarter. California Public Employees Retirement System’s holdings in Amkor Technology were worth $3,042,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Amkor Technology by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 16,678,411 shares of the semiconductor company’s stock worth $123,254,000 after acquiring an additional 689,162 shares during the period. BlackRock Inc. grew its position in Amkor Technology by 18.6% during the third quarter. BlackRock Inc. now owns 9,153,586 shares of the semiconductor company’s stock worth $67,644,000 after buying an additional 1,438,283 shares during the period. JPMorgan Chase & Co. grew its position in Amkor Technology by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 2,313,340 shares of the semiconductor company’s stock worth $17,097,000 after buying an additional 43,760 shares during the period. Walthausen & Co. LLC acquired a new position in Amkor Technology during the third quarter worth about $13,156,000. Finally, Prudential Financial Inc. grew its position in Amkor Technology by 5.3% during the fourth quarter. Prudential Financial Inc. now owns 1,717,883 shares of the semiconductor company’s stock worth $11,269,000 after buying an additional 86,979 shares during the period. Institutional investors and hedge funds own 37.41% of the company’s stock.
Shares of AMKR opened at $8.93 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. Amkor Technology, Inc. has a twelve month low of $5.72 and a twelve month high of $11.19. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 16.85 and a beta of 1.92.
Several research analysts have weighed in on AMKR shares. BidaskClub upgraded shares of Amkor Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. TheStreet upgraded shares of Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th. Finally, Sidoti started coverage on shares of Amkor Technology in a research report on Friday, January 4th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.67.
In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $9.36, for a total value of $187,200.00. Following the sale, the director now owns 54,176 shares of the company’s stock, valued at $507,087.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Charles Stone sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $8.64, for a total transaction of $216,000.00. Following the transaction, the insider now directly owns 50,722 shares in the company, valued at approximately $438,238.08. The disclosure for this sale can be found here. Insiders sold 62,476 shares of company stock worth $567,824 in the last ninety days. Insiders own 57.90% of the company’s stock.
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Amkor Technology Company Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.
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