Bank of Montreal Can purchased a new stake in Amkor Technology Inc. (NASDAQ:AMKR) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 497,047 shares of the company’s stock, valued at approximately $2,858,000.
A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Amkor Technology by 30.4% in the first quarter. JPMorgan Chase & Co. now owns 3,984,705 shares of the company’s stock valued at $23,470,000 after buying an additional 929,822 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Amkor Technology by 878.6% in the first quarter. Landscape Capital Management L.L.C. now owns 159,700 shares of the company’s stock valued at $941,000 after buying an additional 143,380 shares during the period. Zebra Capital Management LLC boosted its stake in shares of Amkor Technology by 5.7% in the first quarter. Zebra Capital Management LLC now owns 173,169 shares of the company’s stock valued at $1,020,000 after buying an additional 9,293 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Amkor Technology by 73.7% in the first quarter. Renaissance Technologies LLC now owns 2,714,500 shares of the company’s stock valued at $15,988,000 after buying an additional 1,151,600 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Amkor Technology during the second quarter valued at approximately $137,000. 31.98% of the stock is currently owned by hedge funds and other institutional investors.
Amkor Technology Inc. (NASDAQ:AMKR) traded up 0.11% on Monday, reaching $9.33. 861,996 shares of the company’s stock traded hands. The company’s 50 day moving average is $9.30 and its 200-day moving average is $7.14. Amkor Technology Inc. has a 52-week low of $4.09 and a 52-week high of $10.13. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 82.57 and a beta of 2.29.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. The business earned $917 million during the quarter, compared to analysts’ expectations of $876.28 million. Amkor Technology had a net margin of 0.72% and a return on equity of 3.00%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share. Equities analysts expect that Amkor Technology Inc. will post $0.42 EPS for the current year.
AMKR has been the topic of several analyst reports. Zacks Investment Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Deutsche Bank AG upped their target price on shares of Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Citigroup Inc. upped their target price on shares of Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Amkor Technology in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Amkor Technology presently has a consensus rating of “Hold” and a consensus target price of $7.93.
In other news, insider John Charles Stone sold 6,600 shares of Amkor Technology stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $9.25, for a total transaction of $61,050.00. Following the completion of the transaction, the insider now directly owns 6,600 shares in the company, valued at $61,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James W. Zug sold 10,000 shares of Amkor Technology stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $7.56, for a total transaction of $75,600.00. Following the transaction, the director now owns 55,828 shares of the company’s stock, valued at $422,059.68. The disclosure for this sale can be found here. Insiders own 58.70% of the company’s stock.
Amkor Technology Company 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 employed, size, thickness and electrical, and mechanical and thermal performance.
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