Public Employees Retirement System of Ohio cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,464 shares of the semiconductor company’s stock after selling 1,284 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Amkor Technology were worth $1,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMKR. Verition Fund Management LLC purchased a new position in shares of Amkor Technology in the second quarter valued at $108,000. UBS Group AG grew its position in shares of 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 in the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Amkor Technology in the second quarter valued at $124,000. Amalgamated Bank grew its position in shares of 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 in the last quarter. Finally, ARP Americas LLC purchased a new position in shares of Amkor Technology in the second quarter valued at $128,000. Institutional investors own 38.39% of the company’s stock.

Several brokerages have recently weighed in on AMKR. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Deutsche Bank AG restated a “hold” rating and set a $10.50 target price (down from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. BidaskClub cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine upgraded Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company’s stock. Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Amkor Technology, Inc. (NASDAQ:AMKR) opened at $11.48 on Thursday. Amkor Technology, Inc. has a 52-week low of $8.32 and a 52-week high of $12.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.16. The company has a market capitalization of $2,718.22, a PE ratio of 15.15 and a beta of 2.70.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. equities research analysts predict that Amkor Technology, Inc. will post 0.51 EPS for the current year.

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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.

Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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