Alliancebernstein L.P. reduced its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 67.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,300 shares of the semiconductor company’s stock after selling 290,590 shares during the period. Alliancebernstein L.P.’s holdings in Amkor Technology were worth $1,626,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AMKR. Ameritas Investment Partners Inc. acquired a new position in shares of Amkor Technology during the first quarter worth about $100,000. James Investment Research Inc. acquired a new position in shares of Amkor Technology during the first quarter worth about $167,000. Karp Capital Management Corp acquired a new position in shares of Amkor Technology during the first quarter worth about $244,000. Parkwood LLC raised its position in shares of Amkor Technology by 21.6% in the first quarter. Parkwood LLC now owns 22,270 shares of the semiconductor company’s stock worth $258,000 after buying an additional 3,949 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Amkor Technology during the first quarter worth about $318,000. 38.81% of the stock is currently owned by institutional investors.
Shares of Amkor Technology, Inc. (AMKR) opened at 10.955 on Friday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.802 and a beta of 2.52. The company’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.76. Amkor Technology, Inc. has a 52-week low of $6.17 and a 52-week high of $12.48.
Amkor Technology (NASDAQ:AMKR) last released its earnings results on Thursday, April 27th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $914 million during the quarter, compared to analyst estimates of $902.06 million. Amkor Technology had a net margin of 3.94% and a return on equity of 11.44%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts forecast that Amkor Technology, Inc. will post $0.80 earnings per share for the current year.
A number of equities analysts have issued reports on the company. BidaskClub lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine raised Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.00 target price (up from $9.50) on shares of Amkor Technology in a research report on Saturday, April 29th. Finally, TheStreet raised Amkor Technology from a “c” rating to a “b-” rating in a research report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.73.
In other Amkor Technology news, Director Roger Anthony Carolin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $12.05, for a total value of $120,500.00. Following the completion of the sale, the director now owns 39,476 shares in the company, valued at approximately $475,685.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Douglas Kelley sold 108,510 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $12.11, for a total value of $1,314,056.10. Following the completion of the sale, the insider now owns 310,460 shares of the company’s stock, valued at approximately $3,759,670.60. The disclosure for this sale can be found here. Insiders sold a total of 276,010 shares of company stock worth $3,296,640 in the last ninety days. Insiders own 58.10% 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; size, thickness and electrical, and mechanical and thermal performance.
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