California State Teachers Retirement System Has $1.72 Million Stake in Amkor Technology, Inc. (AMKR)

California State Teachers Retirement System cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 9.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,887 shares of the semiconductor company’s stock after selling 17,696 shares during the period. California State Teachers Retirement System owned approximately 0.07% of Amkor Technology worth $1,718,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at about $108,000. Amalgamated Bank grew its position in shares of Amkor Technology by 2.8% during the 2nd quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 349 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at about $130,000. Optimum Investment Advisors acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at about $144,000. Finally, Frontier Wealth Management LLC acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Shares of Amkor Technology, Inc. (AMKR) opened at $10.91 on Friday. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.16. The company has a market capitalization of $2,610.00, a PE ratio of 10.01 and a beta of 2.62.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 30th. The semiconductor company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. analysts predict that Amkor Technology, Inc. will post 0.51 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on AMKR shares. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.50.

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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.

Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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