Wells Fargo & Company MN cut its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 45.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,689 shares of the semiconductor company’s stock after selling 112,199 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Amkor Technology worth $1,326,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Amkor Technology by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 557,523 shares of the semiconductor company’s stock valued at $6,460,000 after acquiring an additional 10,508 shares during the period. Karp Capital Management Corp acquired a new stake in Amkor Technology in the first quarter valued at $244,000. American International Group Inc. lifted its holdings in Amkor Technology by 7.1% in the first quarter. American International Group Inc. now owns 61,667 shares of the semiconductor company’s stock valued at $715,000 after acquiring an additional 4,081 shares during the period. Teachers Advisors LLC lifted its holdings in Amkor Technology by 3.0% in the first quarter. Teachers Advisors LLC now owns 169,185 shares of the semiconductor company’s stock valued at $1,961,000 after acquiring an additional 4,871 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Amkor Technology by 37.1% in the first quarter. Vanguard Group Inc. now owns 12,883,640 shares of the semiconductor company’s stock valued at $149,322,000 after acquiring an additional 3,486,502 shares during the period. 38.54% of the stock is owned by hedge funds and other institutional investors.
AMKR has been the subject of a number of recent analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $10.50 target price (down previously from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st.
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Shares of Amkor Technology, Inc. (AMKR) opened at 11.57 on Wednesday. The firm has a 50-day moving average price of $10.42 and a 200-day moving average price of $10.44. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The firm has a market cap of $2.77 billion, a P/E ratio of 10.44 and a beta of 2.66.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.32% and a net margin of 6.41%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.
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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