BNP Paribas Arbitrage SA boosted its stake in Amkor Technology Inc. (NASDAQ:AMKR) by 46.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,193 shares of the company’s stock after buying an additional 4,172 shares during the period. BNP Paribas Arbitrage SA’s holdings in Amkor Technology were worth $128,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in AMKR. First Trust Advisors LP bought a new stake in Amkor Technology during the second quarter valued at about $1,649,000. GSA Capital Partners LLP boosted its stake in Amkor Technology by 5.1% in the second quarter. GSA Capital Partners LLP now owns 273,595 shares of the company’s stock valued at $1,573,000 after buying an additional 13,300 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Amkor Technology during the second quarter valued at about $462,000. Swiss National Bank boosted its stake in Amkor Technology by 1.7% in the second quarter. Swiss National Bank now owns 177,200 shares of the company’s stock valued at $1,019,000 after buying an additional 3,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Amkor Technology by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 833,844 shares of the company’s stock valued at $4,795,000 after buying an additional 14,469 shares in the last quarter. 31.95% of the stock is currently owned by institutional investors.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) opened at 9.47 on Thursday. Amkor Technology Inc. has a 1-year low of $4.09 and a 1-year high of $10.13. The stock’s 50 day moving average is $9.28 and its 200-day moving average is $7.05. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 83.81 and a beta of 2.30.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The firm had revenue of $917 million for the quarter, compared to the consensus estimate of $876.28 million. Amkor Technology had a return on equity of 3.00% and a net margin of 0.72%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts anticipate that Amkor Technology Inc. will post $0.42 EPS for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Deutsche Bank AG lifted their price target on shares of Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Citigroup Inc. lifted their price target on shares of Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Amkor Technology in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.93.
In other news, Director James W. Zug sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $7.56, for a total value of $75,600.00. Following the transaction, the director now owns 55,828 shares in the company, valued at approximately $422,059.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Charles Stone sold 3,400 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $9.25, for a total value of $31,450.00. Following the completion of the transaction, the insider now owns 3,400 shares in the company, valued at approximately $31,450. The disclosure for this sale can be found here. Company insiders own 58.70% of the company’s stock.
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 employed, size, thickness and electrical, and mechanical and thermal performance.
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