Amkor Technology, Inc. (AMKR) Position Lessened by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 83.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,600 shares of the semiconductor company’s stock after selling 127,800 shares during the period. Virginia Retirement Systems ET AL’s holdings in Amkor Technology were worth $182,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Schroder Investment Management Group raised its position in shares of Amkor Technology by 7.8% in the second quarter. Schroder Investment Management Group now owns 86,483 shares of the semiconductor company’s stock worth $743,000 after buying an additional 6,267 shares in the last quarter. First Trust Advisors LP raised its position in shares of Amkor Technology by 3.7% in the second quarter. First Trust Advisors LP now owns 238,912 shares of the semiconductor company’s stock worth $2,052,000 after buying an additional 8,488 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Amkor Technology by 4.5% in the third quarter. Wells Fargo & Company MN now owns 259,034 shares of the semiconductor company’s stock worth $1,915,000 after buying an additional 11,139 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Amkor Technology in the second quarter worth $100,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Amkor Technology by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 100,507 shares of the semiconductor company’s stock worth $864,000 after buying an additional 13,765 shares in the last quarter. Institutional investors own 38.21% of the company’s stock.

A number of research firms have weighed in on AMKR. Deutsche Bank raised their price target on Amkor Technology from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. TheStreet downgraded Amkor Technology from a “b-” rating to a “c+” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. BidaskClub upgraded Amkor Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Citigroup lowered their price target on Amkor Technology from $8.50 to $7.00 and set a “sell” rating on the stock in a research report on Wednesday, October 31st. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average target price of $7.00.

NASDAQ AMKR opened at $6.34 on Thursday. Amkor Technology, Inc. has a twelve month low of $5.72 and a twelve month high of $11.68. The company has a current ratio of 1.38, a quick ratio of 1.18 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 10.93 and a beta of 2.19.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.06. Amkor Technology had a return on equity of 8.97% and a net margin of 4.55%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Amkor Technology, Inc. will post 0.49 EPS for the current fiscal year.

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Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

Further Reading: Cost of Equity For A Business, Investors

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

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