TIAA CREF Investment Management LLC lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 3.1% during the first quarter, Holdings Channel reports. The institutional investor owned 367,638 shares of the semiconductor company’s stock after selling 11,818 shares during the period. TIAA CREF Investment Management LLC’s holdings in Amkor Technology were worth $4,261,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Amkor Technology during the fourth quarter valued at approximately $13,651,000. Boston Advisors LLC purchased a new position in shares of Amkor Technology during the first quarter worth about $4,796,000. LSV Asset Management increased its position in shares of Amkor Technology by 4.9% in the first quarter. LSV Asset Management now owns 8,239,472 shares of the semiconductor company’s stock worth $95,495,000 after buying an additional 384,472 shares during the period. Piermont Capital Management Inc. purchased a new position in shares of Amkor Technology during the first quarter worth about $3,518,000. Finally, Wellington Management Group LLP increased its position in shares of Amkor Technology by 36.2% in the first quarter. Wellington Management Group LLP now owns 1,142,490 shares of the semiconductor company’s stock worth $13,241,000 after buying an additional 303,441 shares during the period. Institutional investors and hedge funds own 38.87% of the company’s stock.
Amkor Technology, Inc. (NASDAQ:AMKR) opened at 10.955 on Monday. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $10.76. The firm has a market cap of $2.62 billion, a P/E ratio of 16.802 and a beta of 2.53. Amkor Technology, Inc. has a 12 month low of $6.17 and a 12 month high of $12.48.
Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Thursday, April 27th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. Amkor Technology had a return on equity of 11.44% and a net margin of 3.94%. The firm had revenue of $914 million during the quarter, compared to the consensus estimate of $902.06 million. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that Amkor Technology, Inc. will post $0.80 earnings per share for the current fiscal year.
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AMKR has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Amkor Technology from a “c” rating to a “b-” rating in a research report on Tuesday, April 4th. BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, May 2nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $12.00 price target (up previously from $9.50) on shares of Amkor Technology in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.73.
In other news, CAO Gil C. Tily sold 87,500 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $11.86, for a total value of $1,037,750.00. Following the transaction, the chief accounting officer now owns 112,017 shares in the company, valued at $1,328,521.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 13,402 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $11.00, for a total transaction of $147,422.00. Following the completion of the transaction, the director now owns 42,178 shares in the company, valued at approximately $463,958. The disclosure for this sale can be found here. Insiders sold 276,010 shares of company stock worth $3,296,640 in the last 90 days. Company 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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