Prudential Financial Inc. boosted its stake in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,938,981 shares of the company’s stock after buying an additional 13,322 shares during the period. Prudential Financial Inc. owned approximately 0.82% of Amkor Technology worth $11,149,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of AMKR. Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,458,265 shares of the company’s stock worth $54,384,000 after buying an additional 1,078,260 shares during the last quarter. SECOR Capital Advisors LP acquired a new position in Amkor Technology during the second quarter valued at about $2,802,000. Top Ace Asset Management Ltd acquired a new position in Amkor Technology during the second quarter valued at about $533,000. First Trust Advisors LP acquired a new position in Amkor Technology during the second quarter valued at about $1,649,000. Finally, GSA Capital Partners LLP boosted its position in Amkor Technology by 5.1% in the second quarter. GSA Capital Partners LLP now owns 273,595 shares of the company’s stock valued at $1,573,000 after buying an additional 13,300 shares during the last quarter. 31.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) traded up 0.72% on Tuesday, reaching $9.80. The company had a trading volume of 163,457 shares. The company has a 50-day moving average price of $9.18 and a 200-day moving average price of $6.86. Amkor Technology Inc. has a one year low of $4.09 and a one year high of $9.95. The firm has a market cap of $2.33 billion, a P/E ratio of 86.73 and a beta of 2.29.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.10. Amkor Technology had a return on equity of 3.00% and a net margin of 0.72%. The company earned $917 million during the quarter, compared to the consensus estimate of $876.28 million. During the same quarter last year, the company earned $0.08 EPS. The company’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts expect that Amkor Technology Inc. will post $0.42 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 price target for the company in a research note on Wednesday, August 3rd. 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. 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. Finally, Credit Suisse Group AG reissued a “neutral” rating on shares of Amkor Technology in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.36.
In related news, insider John Charles Stone sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $9.25, for a total transaction of $31,450.00. Following the completion of the transaction, the insider now owns 3,400 shares in the company, valued at approximately $31,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James W. Zug sold 10,000 shares of the firm’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 value of $75,600.00. Following the transaction, the director now owns 55,828 shares of the company’s stock, valued at approximately $422,059.68. The disclosure for this sale can be found here. 58.70% of the stock is owned by company insiders.
About Amkor Technology
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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