Russell Investments Group Ltd. bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, Holdings Channel reports. The firm bought 235,060 shares of the company’s stock, valued at approximately $2,544,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in Amkor Technology during the third quarter worth about $784,000. Fox Run Management L.L.C. raised its position in Amkor Technology by 10.9% in the third quarter. Fox Run Management L.L.C. now owns 26,400 shares of the company’s stock worth $257,000 after buying an additional 2,600 shares during the period. Meeder Asset Management Inc. bought a new position in Amkor Technology during the third quarter worth about $550,000. Nationwide Fund Advisors raised its position in Amkor Technology by 0.3% in the third quarter. Nationwide Fund Advisors now owns 603,324 shares of the company’s stock worth $5,864,000 after buying an additional 1,721 shares during the period. Finally, Parkwood LLC bought a new position in Amkor Technology during the third quarter worth about $254,000. Hedge funds and other institutional investors own 34.42% of the company’s stock.
Amkor Technology, Inc. (NASDAQ:AMKR) opened at 11.23 on Tuesday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 16.28 and a beta of 2.44. The company has a 50-day moving average price of $10.18 and a 200-day moving average price of $10.22. Amkor Technology, Inc. has a 12-month low of $5.27 and a 12-month high of $12.48.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 13th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.27 by $0.15. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Amkor Technology had a return on equity of 12.78% and a net margin of 4.22%. The firm’s revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, equities research analysts forecast that Amkor Technology, Inc. will post $0.64 earnings per share for the current year.
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In other Amkor Technology news, insider Guillaume Marie Jean Rutten sold 6,250 shares of Amkor Technology stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $11.00, for a total value of $68,750.00. Following the completion of the sale, the insider now owns 6,250 shares in the company, valued at approximately $68,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.70% of the stock is owned by insiders.
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; size, thickness and electrical, and mechanical and thermal performance.
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