State Board of Administration of Florida Retirement System Sells 6,430 Shares of Amkor Technology, Inc. (AMKR)

State Board of Administration of Florida Retirement System reduced its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 209,058 shares of the semiconductor company’s stock after selling 6,430 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Amkor Technology worth $2,042,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Amkor Technology by 84.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,808 shares of the semiconductor company’s stock worth $242,000 after buying an additional 11,358 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Amkor Technology by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 576,548 shares of the semiconductor company’s stock worth $5,633,000 after buying an additional 19,025 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Amkor Technology by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 43,931 shares of the semiconductor company’s stock worth $429,000 after buying an additional 113 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Amkor Technology in the 2nd quarter worth about $7,716,000. Finally, Rhumbline Advisers lifted its position in shares of Amkor Technology by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 127,662 shares of the semiconductor company’s stock worth $1,247,000 after buying an additional 1,336 shares during the last quarter. Institutional investors own 38.69% of the company’s stock.

A number of research analysts have recently issued reports on AMKR shares. BidaskClub downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG restated a “hold” rating and issued a $10.50 price target (down from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $12.25.

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) opened at 9.23 on Wednesday. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The firm has a market cap of $2.21 billion, a PE ratio of 8.33 and a beta of 2.59. The company has a 50 day moving average of $9.17 and a 200-day moving average of $10.56.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Amkor Technology had a net margin of 6.63% and a return on equity of 12.95%. The firm had revenue of $989.00 million for the quarter, compared to the consensus estimate of $996.10 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Amkor Technology, Inc. will post $0.54 EPS for the current fiscal year.

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

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