Oxford Asset Management Acquires New Position in Amkor Technology, Inc. (AMKR)
Oxford Asset Management bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the first quarter, according to its most recent filing with the SEC. The firm bought 34,707 shares of the semiconductor company’s stock, valued at approximately $402,000.
A number of other institutional investors have also bought and sold shares of AMKR. Russell Investments Group Ltd. acquired a new position in Amkor Technology during the fourth quarter valued at approximately $2,544,000. Norges Bank acquired a new position in Amkor Technology during the fourth quarter valued at approximately $13,651,000. Adams Diversified Equity Fund Inc. increased its position in Amkor Technology by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 71,900 shares of the semiconductor company’s stock valued at $833,000 after buying an additional 2,000 shares during the last quarter. James Investment Research Inc. acquired a new position in Amkor Technology during the first quarter valued at approximately $167,000. Finally, Quantitative Investment Management LLC increased its position in Amkor Technology by 116.2% in the first quarter. Quantitative Investment Management LLC now owns 212,500 shares of the semiconductor company’s stock valued at $2,462,000 after buying an additional 114,200 shares during the last quarter. 38.82% of the stock is currently owned by hedge funds and other institutional investors.
Amkor Technology, Inc. (NASDAQ:AMKR) opened at 10.56 on Friday. The firm’s 50-day moving average is $11.48 and its 200 day moving average is $10.89. The firm has a market capitalization of $2.52 billion, a P/E ratio of 16.20 and a beta of 2.46. Amkor Technology, Inc. has a 52-week low of $5.33 and a 52-week high of $12.48.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01. Amkor Technology had a return on equity of 11.44% and a net margin of 3.94%. The business had revenue of $914 million for the quarter, compared to the consensus estimate of $902.06 million. Amkor Technology’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Amkor Technology, Inc. will post $0.80 EPS for the current year.
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Several equities analysts have commented on AMKR shares. TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a research report on Tuesday, April 4th. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and set a $12.00 target price (up from $9.50) on shares of Amkor Technology in a research report on Saturday, April 29th. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.73.
In other news, insider Stephen Douglas Kelley sold 108,510 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $12.11, for a total transaction of $1,314,056.10. Following the transaction, the insider now directly owns 310,460 shares in the company, valued at approximately $3,759,670.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger Anthony Carolin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.05, for a total transaction of $120,500.00. Following the transaction, the director now owns 39,476 shares in the company, valued at $475,685.80. The disclosure for this sale can be found here. Insiders have sold a total of 276,010 shares of company stock worth $3,296,640 over the last 90 days. 58.10% of the stock is owned by company insiders.
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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