STA Wealth Management LLC raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,044 shares of the semiconductor company’s stock after acquiring an additional 7,481 shares during the quarter. Amkor Technology makes up about 0.3% of STA Wealth Management LLC’s portfolio, making the stock its 24th biggest position. STA Wealth Management LLC owned approximately 0.05% of Amkor Technology worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Amkor Technology by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,647,937 shares of the semiconductor company’s stock valued at $154,536,000 after acquiring an additional 678,213 shares in the last quarter. LSV Asset Management boosted its position in Amkor Technology by 0.7% during the 4th quarter. LSV Asset Management now owns 8,814,472 shares of the semiconductor company’s stock valued at $88,585,000 after acquiring an additional 63,215 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Amkor Technology by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,678 shares of the semiconductor company’s stock valued at $30,771,000 after acquiring an additional 176,975 shares in the last quarter. State Street Corp boosted its position 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 acquiring an additional 107,911 shares in the last quarter. Finally, Walthausen & Co. LLC bought a new stake in Amkor Technology during the 3rd quarter valued at $18,815,000. 40.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at $11.15 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.21 and a quick ratio of 0.97. The firm has a market capitalization of $2,755.19, a price-to-earnings ratio of 10.23 and a beta of 2.42. Amkor Technology, Inc. has a 52-week low of $8.32 and a 52-week high of $12.48.
AMKR has been the topic of several recent research reports. Credit Suisse Group raised Amkor Technology from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 13th. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research cut Amkor Technology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.50.
In other news, Director Winston J. Churchill sold 60,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $11.36, for a total value of $681,600.00. Following the completion of the sale, the director now owns 48,776 shares of the company’s stock, valued at approximately $554,095.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.10% of the stock is owned by company insiders.
Amkor Technology Company 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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