Nationwide Fund Advisors decreased its stake in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 601,603 shares of the company’s stock after selling 21,475 shares during the period. Nationwide Fund Advisors owned 0.25% of Amkor Technology worth $3,459,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in AMKR. Fox Run Management L.L.C. acquired a new stake in shares of Amkor Technology during the second quarter valued at about $137,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Amkor Technology during the second quarter valued at about $326,000. Emerald Acquisition Ltd. acquired a new stake in shares of Amkor Technology during the second quarter valued at about $462,000. Top Ace Asset Management Ltd acquired a new stake in shares of Amkor Technology during the second quarter valued at about $533,000. Finally, Landscape Capital Management L.L.C. raised its stake in shares of Amkor Technology by 878.6% in the first quarter. Landscape Capital Management L.L.C. now owns 159,700 shares of the company’s stock valued at $941,000 after buying an additional 143,380 shares in the last quarter. 31.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) traded down 0.2646% on Thursday, reaching $9.8738. The company’s stock had a trading volume of 199,313 shares. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 87.3788 and a beta of 2.30. The company’s 50-day moving average is $9.22 and its 200 day moving average is $6.91. Amkor Technology Inc. has a 12-month low of $4.09 and a 12-month high of $9.99.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.10. Amkor Technology had a return on equity of 3.00% and a net margin of 0.72%. The business had revenue of $917 million for the quarter, compared to the consensus estimate of $876.28 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology Inc. will post $0.42 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on AMKR shares. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Wednesday, July 6th. Deutsche Bank AG increased their price target on Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “neutral” rating on shares of Amkor Technology in a research note on Tuesday, August 16th. Finally, Citigroup Inc. increased their price target on Amkor Technology from $5.00 to $6.20 and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. One research 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 stock has a consensus rating of “Hold” and a consensus price target of $7.36.
In other Amkor Technology news, Director James W. Zug sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $7.56, for a total transaction of $75,600.00. Following the sale, the director now directly owns 55,828 shares in the company, valued at $422,059.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Charles Stone sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $9.25, for a total value of $31,450.00. Following the sale, the insider now owns 3,400 shares in the company, valued at $31,450. The disclosure for this sale can be found here. Company insiders own 58.70% of the company’s stock.
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 employed, size, thickness and electrical, and mechanical and thermal performance.
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