Dimensional Fund Advisors LP increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,678,411 shares of the semiconductor company’s stock after acquiring an additional 689,162 shares during the period. Dimensional Fund Advisors LP owned approximately 6.96% of Amkor Technology worth $123,254,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMKR. GAM Holding AG acquired a new stake in Amkor Technology during the second quarter valued at approximately $100,000. Fox Run Management L.L.C. acquired a new stake in Amkor Technology during the third quarter valued at approximately $132,000. Commonwealth Bank of Australia acquired a new stake in Amkor Technology during the third quarter valued at approximately $141,000. Virtu Financial LLC acquired a new stake in Amkor Technology during the third quarter valued at approximately $234,000. Finally, Victory Capital Management Inc. acquired a new stake in Amkor Technology during the third quarter valued at approximately $323,000. Institutional investors and hedge funds own 38.34% of the company’s stock.
Shares of NASDAQ:AMKR opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.18. The company has a market capitalization of $1.53 billion, a P/E ratio of 9.65 and a beta of 2.14. Amkor Technology, Inc. has a 52 week low of $5.72 and a 52 week high of $11.68.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 29th. The semiconductor company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Amkor Technology had a net margin of 4.55% and a return on equity of 8.97%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, research analysts expect that Amkor Technology, Inc. will post 0.49 earnings per share for the current year.
Several research firms recently commented on AMKR. BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. ValuEngine lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Citigroup cut their target price on shares of Amkor Technology from $8.50 to $7.00 and set a “sell” rating for the company in a research note on Wednesday, October 31st. Deutsche Bank cut their target price on shares of Amkor Technology from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Amkor Technology in a research note on Wednesday, October 17th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $7.00.
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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