USA Financial Portformulas Corp Acquires New Holdings in Amkor Technology, Inc. (AMKR)
USA Financial Portformulas Corp acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 38,689 shares of the semiconductor company’s stock, valued at approximately $408,000.
Several other large investors also recently added to or reduced their stakes in AMKR. UBS Group AG boosted 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 acquiring an additional 2,164 shares during the period. Verition Fund Management LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $108,000. Eagle Global Advisors LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $124,000. Amalgamated Bank boosted 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 acquiring an additional 349 shares during the period. Finally, ARP Americas LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $128,000. Hedge funds and other institutional investors own 38.39% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reissued a “hold” rating and issued a $10.50 target price (down previously from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. Finally, BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.50.
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) opened at $11.05 on Friday. 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 firm has a market cap of $2,746.93, a PE ratio of 15.31 and a beta of 2.70.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. Amkor Technology’s revenue was up 4.5% compared to the same quarter last year. analysts expect 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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