Bank of Montreal Can cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 251,115 shares of the semiconductor company’s stock after selling 27,114 shares during the period. Bank of Montreal Can’s holdings in Amkor Technology were worth $2,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position 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 shares of 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 period. LSV Asset Management boosted its stake in shares of 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 period. BlackRock Inc. boosted its stake in shares of 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 period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of 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 period. Institutional investors and hedge funds own 38.78% of the company’s stock.

Amkor Technology, Inc. (NASDAQ AMKR) traded up 1.06% during trading on Friday, hitting $8.62. The stock had a trading volume of 344,552 shares. Amkor Technology, Inc. has a one year low of $8.41 and a one year high of $12.48. The company has a market cap of $2.06 billion, a P/E ratio of 7.78 and a beta of 2.52. The firm has a 50 day moving average of $10.06 and a 200-day moving average of $10.71.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The firm had revenue of $989 million during the quarter, compared to analysts’ expectations of $996.10 million. During the same period in the previous year, the firm posted $0.02 EPS. Amkor Technology’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on the company. BidaskClub cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.50 price objective (down from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.25.

In related news, Director Winston J. Churchill sold 13,402 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 42,178 shares of the company’s stock, valued at approximately $463,958. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Douglas Kelley sold 108,510 shares of the business’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 directly owns 310,460 shares of the company’s stock, valued at $3,759,670.60. The disclosure for this sale can be found here. Insiders have sold a total of 131,912 shares of company stock valued at $1,581,978 over the last three months. 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.

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

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