Amkor Technology, Inc. (AMKR) Stake Lessened by California Public Employees Retirement System
California Public Employees Retirement System lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 646,559 shares of the semiconductor company’s stock after selling 75,700 shares during the quarter. California Public Employees Retirement System owned approximately 0.27% of Amkor Technology worth $6,317,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Amkor Technology by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock valued at $129,836,000 after purchasing an additional 405,622 shares in the last quarter. Northern Trust Corp raised its stake in shares of Amkor Technology by 2.0% in the 2nd quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock valued at $31,264,000 after purchasing an additional 63,265 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Amkor Technology by 187.7% in the 2nd quarter. New York State Common Retirement Fund now owns 580,514 shares of the semiconductor company’s stock valued at $5,672,000 after purchasing an additional 378,743 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at about $158,000. Finally, Amalgamated Bank raised its stake in shares of Amkor Technology by 2.8% in the 2nd quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) opened at 10.88 on Friday. Amkor Technology, Inc. has a 12 month low of $8.32 and a 12 month high of $12.48. The company’s 50 day moving average is $9.83 and its 200-day moving average is $10.48. The company has a market cap of $2.60 billion, a P/E ratio of 9.82 and a beta of 2.66.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $989.00 million during the quarter, compared to the consensus estimate of $996.10 million. Amkor Technology had a net margin of 6.63% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Analysts expect that Amkor Technology, Inc. will post $0.54 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on AMKR shares. BidaskClub lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $10.50 price objective (down previously from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st.
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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