Cornerstone Capital Management Holdings LLC. cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 58.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,167 shares of the semiconductor company’s stock after selling 45,500 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Amkor Technology were worth $313,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of AMKR. BlackRock Inc. increased its stake in shares of Amkor Technology by 10,955.1% in the 1st quarter. BlackRock Inc. now owns 8,051,191 shares of the semiconductor company’s stock worth $93,313,000 after acquiring an additional 7,978,363 shares during the last quarter. AJO LP increased its stake in shares of Amkor Technology by 313.9% in the 2nd quarter. AJO LP now owns 5,119,841 shares of the semiconductor company’s stock worth $50,021,000 after acquiring an additional 3,882,836 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amkor Technology by 37.1% in the 1st quarter. Vanguard Group Inc. now owns 12,883,640 shares of the semiconductor company’s stock worth $149,322,000 after acquiring an additional 3,486,502 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Amkor Technology by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,969,724 shares of the semiconductor company’s stock worth $136,485,000 after acquiring an additional 991,891 shares during the last quarter. Finally, Rubric Capital Management LP acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $7,716,000. 38.59% of the stock is owned by institutional investors and hedge funds.
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Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at 10.95 on Friday. The company’s 50 day moving average price is $10.29 and its 200-day moving average price is $10.44. The firm has a market capitalization of $2.62 billion, a P/E ratio of 9.88 and a beta of 2.66. Amkor Technology, Inc. has a 12 month low of $8.32 and a 12 month high of $12.48.
Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $989.00 million during the quarter, compared to analyst estimates of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, equities analysts predict that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.
A number of brokerages have issued reports on AMKR. ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $10.50 target price (down from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th.
Amkor Technology 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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