Victory Capital Management Inc. Invests $323,000 in Amkor Technology, Inc. (AMKR)

Victory Capital Management Inc. bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,695 shares of the semiconductor company’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMKR. Dimensional Fund Advisors LP raised its stake in Amkor Technology by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 15,989,249 shares of the semiconductor company’s stock worth $137,348,000 after acquiring an additional 539,780 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Amkor Technology by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,255,596 shares of the semiconductor company’s stock worth $10,786,000 after acquiring an additional 183,532 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Amkor Technology during the third quarter worth $132,000. Bank of New York Mellon Corp raised its stake in Amkor Technology by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 1,177,990 shares of the semiconductor company’s stock worth $10,119,000 after acquiring an additional 20,820 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Amkor Technology by 5.4% during the second quarter. BlackRock Inc. now owns 7,715,303 shares of the semiconductor company’s stock worth $66,274,000 after acquiring an additional 394,139 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Amkor Technology stock opened at $6.85 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.18. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 11.81 and a beta of 2.15. Amkor Technology, Inc. has a 52-week low of $5.72 and a 52-week high of $11.68.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 29th. The semiconductor company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Amkor Technology had a return on equity of 8.97% and a net margin of 4.55%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts anticipate that Amkor Technology, Inc. will post 0.49 EPS for the current fiscal year.

Several research analysts have issued reports on AMKR shares. ValuEngine lowered Amkor Technology from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Deutsche Bank dropped their price objective on Amkor Technology from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Credit Suisse Group reiterated a “neutral” rating on shares of Amkor Technology in a research note on Wednesday, October 17th. BidaskClub upgraded Amkor Technology from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Citigroup dropped their price objective on Amkor Technology from $8.50 to $7.00 and set a “sell” rating for the company in a research note on Wednesday, October 31st. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus target price of $7.00.

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Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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

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