Amkor Technology Inc. (AMKR) Stake Boosted by Swiss National Bank
Swiss National Bank increased its position in Amkor Technology Inc. (NASDAQ:AMKR) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 177,200 shares of the company’s stock after buying an additional 3,000 shares during the period. Swiss National Bank owned 0.07% of Amkor Technology worth $1,019,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Amkor Technology by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 833,844 shares of the company’s stock worth $4,795,000 after buying an additional 14,469 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Amkor Technology by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 180,123 shares of the company’s stock worth $1,036,000 after buying an additional 525 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Amkor Technology during the second quarter worth approximately $2,858,000. Adams Diversified Equity Fund Inc. bought a new position in shares of Amkor Technology during the second quarter worth approximately $326,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Amkor Technology during the second quarter worth approximately $137,000. Institutional investors own 31.95% of the company’s stock.
Amkor Technology Inc. (NASDAQ:AMKR) traded up 0.41% during mid-day trading on Tuesday, hitting $9.77. The stock had a trading volume of 614,161 shares. The company’s 50 day moving average price is $9.18 and its 200 day moving average price is $6.86. Amkor Technology Inc. has a 52 week low of $4.09 and a 52 week high of $9.95. The firm has a market cap of $2.32 billion, a PE ratio of 86.46 and a beta of 2.29.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.10. Amkor Technology had a return on equity of 3.00% and a net margin of 0.72%. The firm had revenue of $917 million for the quarter, compared to analysts’ expectations of $876.28 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Analysts anticipate that Amkor Technology Inc. will post $0.42 earnings per share for the current year.
A number of brokerages recently commented on AMKR. Credit Suisse Group AG restated a “neutral” rating on shares of Amkor Technology in a research report on Tuesday, August 16th. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a research report on Wednesday, August 3rd. Citigroup Inc. lifted their target price on Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG lifted their target price on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.36.
In other news, insider John Charles Stone sold 6,600 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $9.25, for a total transaction of $61,050.00. Following the transaction, the insider now owns 6,600 shares of the company’s stock, valued at approximately $61,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James W. Zug sold 10,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $7.56, for a total value of $75,600.00. Following the transaction, the director now directly owns 55,828 shares in the company, valued at approximately $422,059.68. The disclosure for this sale can be found here. Insiders own 58.70% of the company’s stock.
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 employed, size, thickness and electrical, and mechanical and thermal performance.
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