California State Teachers Retirement System cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,583 shares of the semiconductor company’s stock after selling 16,594 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Amkor Technology worth $1,764,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMKR. UBS Group AG increased its stake in Amkor Technology by 25.2% in the first quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 2,164 shares during the period. Eagle Global Advisors LLC acquired a new position in Amkor Technology in the second quarter valued at $124,000. Amalgamated Bank increased its stake in Amkor Technology by 2.8% in the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 349 shares during the period. ARP Americas LLC acquired a new position in Amkor Technology in the second quarter valued at $128,000. Finally, Optimum Investment Advisors acquired a new position in Amkor Technology in the second quarter valued at $144,000. Institutional investors own 38.07% of the company’s stock.
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Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. sell-side analysts expect that Amkor Technology, Inc. will post 0.51 EPS for the current year.
A number of research analysts have commented on the stock. ValuEngine upgraded shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG restated a “hold” rating and issued a $10.50 price objective (down from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $10.50.
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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