Principal Financial Group Inc. Has $322,000 Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Principal Financial Group Inc. cut its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,818 shares of the semiconductor company’s stock after selling 2,375 shares during the period. Principal Financial Group Inc.’s holdings in Amkor Technology were worth $322,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management increased its position in Amkor Technology by 4.9% in the first quarter. LSV Asset Management now owns 8,239,472 shares of the semiconductor company’s stock valued at $95,495,000 after buying an additional 384,472 shares in the last quarter. Norges Bank bought a new position in Amkor Technology during the fourth quarter valued at approximately $13,651,000. American Century Companies Inc. increased its position in Amkor Technology by 58.5% in the first quarter. American Century Companies Inc. now owns 695,263 shares of the semiconductor company’s stock valued at $8,058,000 after buying an additional 256,709 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Amkor Technology by 0.5% in the first quarter. Parametric Portfolio Associates LLC now owns 616,041 shares of the semiconductor company’s stock valued at $7,140,000 after buying an additional 3,081 shares in the last quarter. Finally, AXA increased its position in Amkor Technology by 59.0% in the first quarter. AXA now owns 575,880 shares of the semiconductor company’s stock valued at $6,674,000 after buying an additional 213,800 shares in the last quarter. 38.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) opened at 8.46 on Friday. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48. The company has a market capitalization of $2.02 billion, a PE ratio of 7.64 and a beta of 2.52. The stock has a 50 day moving average of $9.77 and a 200-day moving average of $10.67.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The business had revenue of $989 million during the quarter, compared to the consensus estimate of $996.10 million. During the same period in the previous year, the business earned $0.02 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Principal Financial Group Inc. Has $322,000 Stake in Amkor Technology, Inc. (NASDAQ:AMKR)” was first published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/amkor-technology-inc-nasdaqamkr-shares-sold-by-principal-financial-group-inc-updated-updated.html.

A number of research analysts have commented on AMKR shares. Deutsche Bank AG reissued a “hold” rating and set a $12.00 target price (up previously 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. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Amkor Technology has an average rating of “Buy” and a consensus price target of $12.25.

In other news, Director Roger Anthony Carolin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $12.05, for a total value of $120,500.00. Following the completion of the sale, the director now directly owns 39,476 shares in the company, valued at approximately $475,685.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Douglas Kelley sold 108,510 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $12.11, for a total value of $1,314,056.10. Following the completion of the sale, the insider now owns 310,460 shares of the company’s stock, valued at $3,759,670.60. The disclosure for this sale can be found here. 58.10% of the stock is currently owned by 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.

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

Receive News & Ratings for Amkor Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply