Amkor Technology, Inc. (NASDAQ:AMKR) Position Raised by Acadian Asset Management LLC
Acadian Asset Management LLC increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 323.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 174,601 shares of the semiconductor company’s stock after buying an additional 133,330 shares during the period. Acadian Asset Management LLC’s holdings in Amkor Technology were worth $1,705,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Amkor Technology by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 12,977,833 shares of the semiconductor company’s stock valued at $150,410,000 after buying an additional 1,641,388 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 3,486,502 shares during the last quarter. LSV Asset Management boosted its stake in Amkor Technology by 4.9% in the first quarter. LSV Asset Management now owns 8,239,472 shares of the semiconductor company’s stock valued at $95,495,000 after buying an additional 384,472 shares during the last quarter. BlackRock Inc. boosted its stake in Amkor Technology by 10,955.1% in the first quarter. BlackRock Inc. now owns 8,051,191 shares of the semiconductor company’s stock valued at $93,313,000 after buying an additional 7,978,363 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Amkor Technology by 48.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,468,118 shares of the semiconductor company’s stock valued at $17,016,000 after buying an additional 481,544 shares during the last quarter. Hedge funds and other institutional investors own 38.78% of the company’s stock.
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) traded up 0.933% during midday trading on Tuesday, reaching $9.195. 554,967 shares of the company traded hands. The stock has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.77. The firm has a market capitalization of $2.20 billion, a PE ratio of 8.299 and a beta of 2.52. Amkor Technology, Inc. has a 1-year low of $7.60 and a 1-year high of $12.48.
Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Amkor Technology had a return on equity of 13.28% and a net margin of 6.63%. The firm had revenue of $989 million for the quarter, compared to analyst estimates of $996.10 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts expect that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/08/amkor-technology-inc-nasdaqamkr-position-raised-by-acadian-asset-management-llc.html.
AMKR has been the topic of several recent analyst reports. BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $12.00 price objective (up previously from $9.50) on shares of Amkor Technology in a research report on Saturday, April 29th. Finally, ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.25.
In other Amkor Technology news, insider Stephen Douglas Kelley sold 108,510 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $12.11, for a total value of $1,314,056.10. Following the transaction, the insider now owns 310,460 shares in the company, valued at approximately $3,759,670.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gil C. Tily sold 87,500 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $11.86, for a total value of $1,037,750.00. Following the completion of the transaction, the chief accounting officer now owns 112,017 shares in the company, valued at approximately $1,328,521.62. The disclosure for this sale can be found here. Insiders sold a total of 276,010 shares of company stock worth $3,296,640 in the last 90 days. 58.10% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR).
Receive News & Ratings for Amkor Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.