AHL Partners LLP lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 44.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,547 shares of the semiconductor company’s stock after selling 144,145 shares during the quarter. AHL Partners LLP owned about 0.07% of Amkor Technology worth $1,744,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Frontier Wealth Management LLC acquired a new stake in Amkor Technology in the second quarter worth about $156,000. Voya Investment Management LLC lifted its holdings in Amkor Technology by 31.7% in the second quarter. Voya Investment Management LLC now owns 45,655 shares of the semiconductor company’s stock worth $446,000 after purchasing an additional 10,999 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Amkor Technology by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 13,969,724 shares of the semiconductor company’s stock worth $136,485,000 after purchasing an additional 991,891 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Amkor Technology in the second quarter worth about $523,000. Finally, Suntrust Banks Inc. lifted its holdings in Amkor Technology by 3.2% in the second quarter. Suntrust Banks Inc. now owns 19,633 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 600 shares during the period. 38.69% of the stock is owned by institutional investors and hedge funds.
Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at 10.88 on Friday. The firm has a market cap of $2.60 billion, a P/E ratio of 9.82 and a beta of 2.66. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The company has a 50-day moving average of $9.79 and a 200 day moving average of $10.48.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The firm had revenue of $989.00 million during the quarter, compared to analyst estimates of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. Equities analysts predict that Amkor Technology, Inc. will post $0.54 EPS for the current year.
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Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $10.50 price objective (down previously from $12.00) on shares of Amkor Technology in a 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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