ARP Americas LLC Acquires New Stake in Amkor Technology, Inc. (NASDAQ:AMKR)
ARP Americas LLC acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,100 shares of the semiconductor company’s stock, valued at approximately $128,000.
A number of other hedge funds have also recently bought and sold shares of the company. Guggenheim Capital LLC bought a new position in shares of Amkor Technology during the fourth quarter worth approximately $683,000. Norges Bank bought a new position in shares of Amkor Technology during the fourth quarter worth approximately $13,651,000. Teachers Advisors LLC increased its position in shares of Amkor Technology by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 164,314 shares of the semiconductor company’s stock worth $1,734,000 after buying an additional 7,413 shares in the last quarter. Boston Advisors LLC bought a new position in shares of Amkor Technology during the first quarter worth approximately $4,796,000. Finally, James Investment Research Inc. bought a new position in shares of Amkor Technology during the first quarter worth approximately $167,000. 38.78% of the stock is currently owned by institutional investors.
Amkor Technology, Inc. (NASDAQ AMKR) opened at 9.12 on Wednesday. Amkor Technology, Inc. has a 52 week low of $8.10 and a 52 week high of $12.48. The firm has a 50-day moving average of $10.26 and a 200-day moving average of $10.73. The company has a market capitalization of $2.18 billion, a P/E ratio of 8.23 and a beta of 2.52.
Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Amkor Technology had a net margin of 6.63% and a return on equity of 12.95%. The firm had revenue of $989 million for the quarter, compared to the consensus estimate of $996.10 million. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Amkor Technology, Inc. will post $0.54 EPS for the current fiscal year.
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AMKR has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $12.00 target price (up from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, May 2nd. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.25.
In related news, CAO Gil C. Tily sold 87,500 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $11.86, for a total transaction of $1,037,750.00. Following the sale, the chief accounting officer now directly owns 112,017 shares of the company’s stock, valued at approximately $1,328,521.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Winston J. Churchill sold 13,402 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $11.00, for a total transaction of $147,422.00. Following the sale, the director now directly owns 42,178 shares in the company, valued at $463,958. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,010 shares of company stock worth $3,296,640. 58.10% of the stock is owned by insiders.
About Amkor Technology
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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