789,740 Shares in Amkor Technology, Inc. (AMKR) Acquired by Rubric Capital Management LP
Rubric Capital Management LP bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, Holdings Channel reports. The institutional investor bought 789,740 shares of the semiconductor company’s stock, valued at approximately $7,716,000. Amkor Technology comprises 1.6% of Rubric Capital Management LP’s holdings, making the stock its 25th largest position.
Several other hedge funds also recently modified their holdings of AMKR. BlackRock Inc. increased 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 worth $93,313,000 after buying an additional 7,978,363 shares during the last quarter. Vanguard Group Inc. increased 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 worth $149,322,000 after buying an additional 3,486,502 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $150,410,000 after buying an additional 1,641,388 shares during the last quarter. Norges Bank bought a new stake in shares of Amkor Technology during the fourth quarter worth approximately $13,651,000. Finally, Gotham Asset Management LLC increased its stake in shares of Amkor Technology by 777.1% in the first quarter. Gotham Asset Management LLC now owns 1,006,361 shares of the semiconductor company’s stock worth $11,664,000 after buying an additional 891,625 shares during the last quarter. Hedge funds and other institutional investors own 38.78% of the company’s stock.
Amkor Technology, Inc. (AMKR) opened at 8.73 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 7.88 and a beta of 2.52. Amkor Technology, Inc. has a 12 month low of $8.41 and a 12 month high of $12.48. The firm’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.70.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $989 million for the quarter, compared to analyst estimates of $996.10 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that Amkor Technology, Inc. will post $0.54 earnings per share for the current year.
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AMKR has been the topic of a number of recent research reports. BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG restated a “hold” rating and issued a $12.00 target price (up previously from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. Finally, ValuEngine upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.25.
In other Amkor Technology news, Director Roger Anthony Carolin sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $12.05, for a total value of $120,500.00. Following the sale, the director now owns 39,476 shares of the company’s stock, valued at approximately $475,685.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Douglas Kelley sold 108,510 shares of Amkor Technology stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $12.11, for a total value of $1,314,056.10. Following the completion of the sale, the insider now directly owns 310,460 shares in the company, valued at approximately $3,759,670.60. The disclosure for this sale can be found here. Insiders sold a total of 131,912 shares of company stock worth $1,581,978 in the last ninety days. 58.10% of the stock is owned by corporate 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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