Bank of New York Mellon Corp Acquires 386,799 Shares of Amkor Technology, Inc. (AMKR)

Bank of New York Mellon Corp raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 67.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 963,347 shares of the semiconductor company’s stock after acquiring an additional 386,799 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.40% of Amkor Technology worth $10,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Amkor Technology by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 13,969,724 shares of the semiconductor company’s stock valued at $136,485,000 after buying an additional 991,891 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Amkor Technology by 3.1% in the second quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock valued at $129,836,000 after buying an additional 405,622 shares during the last quarter. LSV Asset Management raised its holdings in shares of Amkor Technology by 2.9% in the second quarter. LSV Asset Management now owns 8,476,783 shares of the semiconductor company’s stock valued at $82,818,000 after buying an additional 237,311 shares during the last quarter. AJO LP raised its holdings in shares of Amkor Technology by 313.9% in the second quarter. AJO LP now owns 5,119,841 shares of the semiconductor company’s stock valued at $50,021,000 after buying an additional 3,882,836 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Amkor Technology by 2.0% in the second quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock valued at $31,264,000 after buying an additional 63,265 shares during the last quarter. 39.38% of the stock is owned by institutional investors.

AMKR has been the subject of a number of research analyst reports. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at $10.32 on Tuesday. The firm has a market capitalization of $2,470.00, a PE ratio of 9.47 and a beta of 2.62. Amkor Technology, Inc. has a twelve month low of $8.32 and a twelve month high of $12.48. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. equities analysts anticipate that Amkor Technology, Inc. will post 0.51 earnings per share for the current fiscal year.

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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.

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

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