First Trust Advisors LP boosted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 54.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,531 shares of the semiconductor company’s stock after purchasing an additional 115,286 shares during the period. First Trust Advisors LP owned about 0.14% of Amkor Technology worth $3,282,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in AMKR. State Street Corp increased its holdings in Amkor Technology by 5.0% during the 2nd quarter. State Street Corp now owns 2,286,667 shares of the semiconductor company’s stock valued at $22,344,000 after purchasing an additional 107,911 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Amkor Technology by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,253 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 2,281 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Amkor Technology by 42.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 111,240 shares of the semiconductor company’s stock valued at $1,174,000 after purchasing an additional 33,150 shares during the period. Bank of New York Mellon Corp increased its holdings in Amkor Technology by 67.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 963,347 shares of the semiconductor company’s stock valued at $10,163,000 after purchasing an additional 386,799 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Amkor Technology during the 3rd quarter valued at about $172,000. Institutional investors own 40.24% of the company’s stock.
In other Amkor Technology news, Director Winston J. Churchill sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $11.36, for a total transaction of $681,600.00. Following the transaction, the director now owns 48,776 shares in the company, valued at approximately $554,095.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 58.10% of the stock is currently owned by corporate insiders.
Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Amkor Technology had a return on equity of 8.81% and a net margin of 6.23%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts expect that Amkor Technology, Inc. will post 0.78 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on AMKR. BidaskClub upgraded Amkor Technology from a “sell” rating to a “hold” rating in a report on Friday, March 9th. ValuEngine downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th. Finally, Credit Suisse Group upgraded Amkor Technology from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.50.
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Amkor Technology Profile
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.
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