Boston Advisors LLC Sells 176,010 Shares of Amkor Technology, Inc. (AMKR)
Boston Advisors LLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 74.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,295 shares of the semiconductor company’s stock after selling 176,010 shares during the period. Boston Advisors LLC’s holdings in Amkor Technology were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in AMKR. Verition Fund Management LLC acquired a new position in Amkor Technology during the second quarter worth about $108,000. UBS Group AG raised its position in Amkor Technology by 25.2% during the first quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 2,164 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in Amkor Technology during the second quarter worth about $124,000. Amalgamated Bank raised its position in 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 acquiring an additional 349 shares during the last quarter. Finally, ARP Americas LLC acquired a new position in Amkor Technology during the second quarter worth about $128,000. Institutional investors own 38.54% of the company’s stock.
Amkor Technology, Inc. (NASDAQ:AMKR) opened at 11.57 on Wednesday. Amkor Technology, Inc. has a 52 week low of $8.32 and a 52 week high of $12.48. The stock has a 50 day moving average of $10.42 and a 200 day moving average of $10.44. The stock has a market capitalization of $2.77 billion, a P/E ratio of 10.44 and a beta of 2.66.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. Amkor Technology had a net margin of 6.41% and a return on equity of 12.32%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on AMKR shares. BidaskClub lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.50 price target (down previously from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
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Amkor Technology Profile
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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