Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 20.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,067 shares of the semiconductor company’s stock after selling 81,779 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.13% of Amkor Technology worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. M&T Bank Corp bought a new stake in Amkor Technology in the fourth quarter worth approximately $111,000. Xact Kapitalforvaltning AB bought a new stake in Amkor Technology in the fourth quarter worth approximately $144,000. Ellington Management Group LLC bought a new stake in Amkor Technology in the fourth quarter worth approximately $179,000. Trexquant Investment LP bought a new stake in Amkor Technology in the first quarter worth approximately $204,000. Finally, Teacher Retirement System of Texas bought a new stake in Amkor Technology in the fourth quarter worth approximately $373,000. Institutional investors own 40.25% of the company’s stock.
Shares of Amkor Technology opened at $9.06 on Friday, MarketBeat.com reports. The company has a market cap of $2.17 billion, a P/E ratio of 15.62 and a beta of 2.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.28. Amkor Technology, Inc. has a 12-month low of $8.19 and a 12-month high of $11.88.
Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Thursday, April 26th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Amkor Technology had a net margin of 6.52% and a return on equity of 9.55%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. research analysts predict that Amkor Technology, Inc. will post 0.57 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “sell” rating in a report on Monday, April 30th. Citigroup lowered their target price on Amkor Technology from $9.25 to $8.75 and set a “sell” rating for the company in a report on Monday, April 30th. Finally, ValuEngine downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.63.
Amkor Technology Company Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.
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