Guggenheim Capital LLC Increases Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Guggenheim Capital LLC grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 49.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,960 shares of the semiconductor company’s stock after acquiring an additional 27,627 shares during the quarter. Guggenheim Capital LLC’s holdings in Amkor Technology were worth $839,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Amkor Technology in the fourth quarter worth $144,000. Trexquant Investment LP purchased a new position in shares of Amkor Technology in the first quarter worth $204,000. Element Capital Management LLC purchased a new position in shares of Amkor Technology in the first quarter worth $386,000. Alps Advisors Inc. purchased a new position in shares of Amkor Technology in the first quarter worth $437,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Amkor Technology in the fourth quarter worth $464,000. 40.11% of the stock is currently owned by institutional investors and hedge funds.

AMKR has been the subject of several recent analyst reports. Zacks Investment Research upgraded Amkor Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. Finally, Citigroup reduced their price objective on Amkor Technology from $9.25 to $8.75 and set a “sell” rating for the company in a research report on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.38.

NASDAQ:AMKR opened at $9.29 on Friday. Amkor Technology, Inc. has a 52-week low of $8.19 and a 52-week high of $11.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.05. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 14.20 and a beta of 2.50.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Amkor Technology had a return on equity of 9.15% and a net margin of 4.51%. Amkor Technology’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. equities research analysts predict that Amkor Technology, Inc. will post 0.56 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.

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

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