Cubist Systematic Strategies LLC raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 73.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,260 shares of the semiconductor company’s stock after buying an additional 21,358 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Amkor Technology were worth $530,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AMKR. Verition Fund Management LLC acquired a new stake in Amkor Technology during the 2nd quarter valued at $108,000. Amalgamated Bank boosted its holdings in shares of Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 349 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Amkor Technology during the second quarter worth $130,000. Optimum Investment Advisors acquired a new stake in shares of Amkor Technology during the second quarter worth $144,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Amkor Technology during the third quarter worth $150,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.50.
Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at $10.51 on Friday. Amkor Technology, Inc. has a fifty-two week low of $8.32 and a fifty-two week high of $12.48. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2,490.00, a price-to-earnings ratio of 9.64 and a beta of 2.62.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. research analysts expect that Amkor Technology, Inc. will post 0.51 EPS for the current fiscal year.
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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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