First Trust Advisors LP lowered its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,522 shares of the semiconductor company’s stock after selling 41,818 shares during the period. First Trust Advisors LP owned about 0.12% of Amkor Technology worth $2,108,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its stake in shares of Amkor Technology by 8.3% in the first quarter. Jennison Associates LLC now owns 127,032 shares of the semiconductor company’s stock valued at $1,085,000 after buying an additional 9,771 shares during the period. Globeflex Capital L P boosted its position in shares of Amkor Technology by 8.8% during the 1st quarter. Globeflex Capital L P now owns 100,283 shares of the semiconductor company’s stock valued at $856,000 after purchasing an additional 8,078 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Amkor Technology by 660.0% during the 1st quarter. Acadian Asset Management LLC now owns 182,829 shares of the semiconductor company’s stock valued at $1,562,000 after purchasing an additional 158,774 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Amkor Technology by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,422,753 shares of the semiconductor company’s stock valued at $114,293,000 after purchasing an additional 744,342 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Amkor Technology by 22.5% during the 4th quarter. Deutsche Bank AG now owns 488,329 shares of the semiconductor company’s stock valued at $3,201,000 after purchasing an additional 89,654 shares in the last quarter. 38.17% of the stock is owned by institutional investors.
Shares of AMKR traded up $0.29 during trading hours on Thursday, hitting $9.12. The company had a trading volume of 24,152 shares, compared to its average volume of 591,643. The firm has a market cap of $2.06 billion, a P/E ratio of 17.25 and a beta of 1.95. The stock’s 50 day moving average price is $8.64 and its 200 day moving average price is $8.21. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.65. Amkor Technology, Inc. has a 52-week low of $5.72 and a 52-week high of $9.78.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $895.31 million for the quarter, compared to analysts’ expectations of $896.05 million. Amkor Technology had a return on equity of 3.68% and a net margin of 1.31%. The business’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, research analysts expect that Amkor Technology, Inc. will post 0.15 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. ValuEngine upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. TheStreet downgraded Amkor Technology from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Finally, BidaskClub raised Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $7.75.
In other news, Director Gil C. Tily sold 12,500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $9.09, for a total value of $113,625.00. Following the completion of the sale, the director now directly owns 87,325 shares in the company, valued at approximately $793,784.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 59.60% of the company’s stock.
Amkor Technology 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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