Amkor Technology, Inc. (AMKR) Position Cut by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System reduced its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,143 shares of the semiconductor company’s stock after selling 16,915 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.08% of Amkor Technology worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. UBS Group AG increased its position in Amkor Technology by 25.2% during the 1st quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,164 shares in the last quarter. Verition Fund Management LLC acquired a new position in Amkor Technology during the 2nd quarter valued at about $108,000. Eagle Global Advisors LLC acquired a new position in Amkor Technology during the 2nd quarter valued at about $124,000. Amalgamated Bank increased its position in Amkor Technology by 2.8% during the 2nd quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 349 shares in the last quarter. Finally, ARP Americas LLC acquired a new position in Amkor Technology during the 2nd quarter valued at about $128,000. 38.07% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on AMKR. Zacks Investment Research lowered Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. BidaskClub lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $10.50 price objective (down from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.50.
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Amkor Technology, Inc. (NASDAQ AMKR) opened at $10.86 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2,560.29, a PE ratio of 14.27 and a beta of 2.70. Amkor Technology, Inc. has a 1-year low of $8.32 and a 1-year high of $12.48.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.08 billion. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. sell-side analysts anticipate that Amkor Technology, Inc. will post 0.51 EPS for the current fiscal year.
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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