Suntrust Banks Inc. Increases Position in Amkor Technology, Inc. (AMKR)
Suntrust Banks Inc. lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,633 shares of the semiconductor company’s stock after purchasing an additional 600 shares during the quarter. Suntrust Banks Inc.’s holdings in Amkor Technology were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in AMKR. BlackRock Inc. grew its holdings in shares of Amkor Technology by 10,955.1% during the 1st quarter. BlackRock Inc. now owns 8,051,191 shares of the semiconductor company’s stock valued at $93,313,000 after purchasing an additional 7,978,363 shares during the last quarter. AJO LP grew its holdings in shares of Amkor Technology by 313.9% during the 2nd quarter. AJO LP now owns 5,119,841 shares of the semiconductor company’s stock valued at $50,021,000 after purchasing an additional 3,882,836 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 37.1% during the 1st quarter. Vanguard Group Inc. now owns 12,883,640 shares of the semiconductor company’s stock valued at $149,322,000 after purchasing an additional 3,486,502 shares during the last quarter. Rubric Capital Management LP bought a new stake in shares of Amkor Technology during the 2nd quarter valued at approximately $7,716,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amkor Technology by 33.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,739,703 shares of the semiconductor company’s stock valued at $26,767,000 after purchasing an additional 685,839 shares during the last quarter. 38.69% of the stock is currently owned by institutional investors.
Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at 10.59 on Friday. Amkor Technology, Inc. has a 52-week low of $8.32 and a 52-week high of $12.48. The company’s 50-day moving average is $10.02 and its 200 day moving average is $10.47. The firm has a market capitalization of $2.53 billion, a P/E ratio of 9.56 and a beta of 2.66.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The firm had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $996.10 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that Amkor Technology, Inc. will post $0.54 EPS for the current fiscal year.
Several equities research analysts recently issued reports on AMKR shares. BidaskClub lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Deutsche Bank AG reiterated 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. Finally, ValuEngine upgraded shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
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Amkor Technology 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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