A recent disclosure by Barclays PLC reveals that the financial institution has increased its holdings in Amkor Technology, Inc. (NASDAQ: AMKR) by 19.8% during the first quarter of this year. According to the Securities and Exchange Commission (SEC) filing, Barclays PLC now owns 84,041 shares of Amkor Technology’s stock, after purchasing an additional 13,894 shares during the reporting period. The total value of Barclays PLC’s holdings in Amkor Technology amounts to $2,187,000.
Amkor Technology released its earnings results on July 31st. The semiconductor company reported earnings per share of $0.26 for the quarter, surpassing analysts’ consensus estimates of $0.22 by $0.04. However, despite beating earnings expectations, Amkor Technology recorded revenue of $1.46 billion for the quarter compared to analysts’ anticipated revenue of $1.48 billion. This marks a decline of 3.1% in revenue on a year-over-year basis.
The net margin for Amkor Technology stands at 8.38%, with a return on equity of 15.77%. These figures provide insight into the company’s profitability and its ability to generate returns for its shareholders.
In other news related to Amkor Technology, Chief Financial Officer Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on May 24th at an average price of $22.66 per share. This resulted in a total value of $61,182 for the transaction. Following this sale, Faust now possesses 35,394 shares in the company with an estimated value of approximately $802,028.
Additionally, Executive Vice President Sung Shin recently sold 5,000 shares of Amkor Technology’s stock on June 1st at an average price per share of $24.93 amounting to a total transaction value of $124,650. As a result of this transaction, Shin now holds 15,418 shares in the company with a total value estimated at $384,370.
It is worth noting that insiders have sold a collective total of 15,800 shares of Amkor Technology’s stock within the last 90 days. This amounts to approximately $405,450 in total stock value. At present, corporate insiders hold ownership of 53.30% of Amkor Technology’s stock.
Looking ahead, financial analysts anticipate that Amkor Technology, Inc. will post earnings per share of 1.6 for the current fiscal year.
The information provided through the Barclays PLC disclosure and Amkor Technology’s recent earnings report offer investors and industry observers valuable insights into the financial standing and performance of Amkor Technology as well as notable actions by key executives within the company.
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Growing Interest from Institutional Investors Boosts Confidence in Amkor Technology, Inc.
Amkor Technology, Inc., a leading semiconductor company, has recently seen an increase in interest from institutional investors. One such investor, Raymond James & Associates, grew its stake in the company by 4.0% during the first quarter of this year. The firm now owns 79,509 shares of Amkor Technology’s stock with a value of $1,727,000 after purchasing an additional 3,030 shares.
Another institutional investor, Raymond James Financial Services Advisors Inc., also entered the picture during the first quarter by acquiring a new position in Amkor Technology valued at approximately $868,000. This further demonstrates growing confidence in the company’s potential.
Bank of New York Mellon Corp followed suit by boosting its holdings in Amkor Technology by 0.8% during the first quarter. With an additional purchase of 10,751 shares, Bank of New York Mellon Corp now owns 1,334,042 shares with a total worth of $28,975,000.
Private Advisor Group LLC also recognized the value of investing in Amkor Technology during the first quarter and purchased a new stake worth around $330,000.
MetLife Investment Management LLC displayed significant confidence in Amkor Technology by increasing its holdings by 40.3% during the same period. The firm now owns 117,317 shares valued at $2,548,000.
These investments highlight the attractiveness of Amkor Technology as an investment opportunity for institutional investors. In fact, institutional investors hold approximately 37.80% of the company’s stock.
Shares of AMKR opened at $25.38 on Thursday. The stock has seen fluctuations throughout the year with a low point of $16.13 and a high point of $31.38 over a twelve-month period.
Amidst these changes in ownership and share value trends lies a different story regarding analysts’ opinions on Amkor Technology’s stock performance. StockNews.com recently assumed coverage of the company and gave it a “hold” rating.
Meanwhile, DA Davidson, in a report released on August 1st, raised its target price for Amkor Technology to $36.00 and assigned a “buy” rating, showcasing their positive outlook on the company’s prospects.
It is essential for potential investors to consider both institutional investors’ decisions and analysts’ opinions when making investment choices. These factors can provide valuable insights into the present and future performance of a company.
For further information regarding Amkor Technology’s stock performance and overall market analysis, please refer to our latest report on AMKR.
