Legal & General Group Plc Sells 3,873 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Legal & General Group Plc cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,759 shares of the semiconductor company’s stock after selling 3,873 shares during the quarter. Legal & General Group Plc owned about 0.06% of Amkor Technology worth $1,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMKR. Massachusetts Financial Services Co. MA increased its stake in shares of Amkor Technology by 18.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 344,483 shares of the semiconductor company’s stock worth $2,684,000 after acquiring an additional 52,574 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Amkor Technology by 793.1% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 962,240 shares of the semiconductor company’s stock worth $7,496,000 after acquiring an additional 854,500 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Amkor Technology by 12.0% in the 1st quarter. Nuveen Asset Management LLC now owns 822,670 shares of the semiconductor company’s stock worth $6,408,000 after acquiring an additional 88,197 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Amkor Technology by 972.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 214,510 shares of the semiconductor company’s stock valued at $1,671,000 after purchasing an additional 194,500 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in Amkor Technology by 10.2% during the 1st quarter. Horizon Kinetics Asset Management LLC now owns 24,137 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 2,234 shares during the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

A number of research firms recently issued reports on AMKR. TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a report on Wednesday, June 17th. BidaskClub raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Sidoti boosted their target price on shares of Amkor Technology from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. restated a “sell” rating on shares of Amkor Technology in a report on Tuesday, June 9th. Finally, ValuEngine downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.14.

In other news, CFO Megan Faust sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $11.07, for a total transaction of $49,815.00. Following the sale, the chief financial officer now owns 11,719 shares of the company’s stock, valued at approximately $129,729.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Guillaume Marie Jean Rutten sold 7,838 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $12.85, for a total value of $100,718.30. Following the sale, the executive vice president now directly owns 7,838 shares in the company, valued at approximately $100,718.30. The disclosure for this sale can be found here. Insiders sold a total of 16,838 shares of company stock valued at $205,208 in the last quarter. Company insiders own 59.30% of the company’s stock.

NASDAQ AMKR opened at $11.88 on Wednesday. The stock has a market cap of $2.84 billion, a PE ratio of 13.81 and a beta of 1.73. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.71. Amkor Technology, Inc. has a twelve month low of $5.40 and a twelve month high of $15.24. The stock has a fifty day simple moving average of $11.10 and a 200-day simple moving average of $10.88.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Amkor Technology had a return on equity of 10.69% and a net margin of 4.82%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted ($0.10) EPS. Amkor Technology’s revenue for the quarter was up 28.8% on a year-over-year basis. Research analysts predict that Amkor Technology, Inc. will post 0.7 EPS for the current year.

Amkor Technology Company 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.

See Also: Preferred Stock

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

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