Royce & Associates LP Takes $1.02 Million Position in Amkor Technology, Inc. (AMKR)

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Royce & Associates LP purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 154,802 shares of the semiconductor company’s stock, valued at approximately $1,016,000.

Several other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Amkor Technology by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 45,467 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 1,772 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Amkor Technology during the fourth quarter worth about $48,000. Massachusetts Financial Services Co. MA increased its stake in shares of Amkor Technology by 8.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 108,737 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 8,463 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Amkor Technology by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 224,407 shares of the semiconductor company’s stock worth $1,658,000 after acquiring an additional 8,475 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Amkor Technology by 4.9% during the third quarter. Teachers Advisors LLC now owns 204,816 shares of the semiconductor company’s stock worth $1,514,000 after acquiring an additional 9,583 shares during the period. Institutional investors and hedge funds own 38.17% of the company’s stock.

Shares of AMKR opened at $8.60 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.06 billion, a P/E ratio of 16.23 and a beta of 1.92. Amkor Technology, Inc. has a 1 year low of $5.72 and a 1 year high of $11.41.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 11th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Amkor Technology had a net margin of 2.94% and a return on equity of 7.07%. On average, equities analysts predict that Amkor Technology, Inc. will post 0.1 EPS for the current year.

AMKR has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Amkor Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. TheStreet upgraded shares of Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th. Finally, Sidoti began coverage on shares of Amkor Technology in a research report on Friday, January 4th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.67.

In other Amkor Technology news, Director Winston J. Churchill sold 17,476 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $9.42, for a total transaction of $164,623.92. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at $150,720. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $9.36, for a total transaction of $187,200.00. Following the transaction, the director now directly owns 54,176 shares in the company, valued at approximately $507,087.36. The disclosure for this sale can be found here. Corporate insiders own 57.90% of the company’s stock.

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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.

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

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