Arbiter Partners Capital Management Lowers stake in Amkor Technology (AMKR)

Amkor Technology (AMKR) : Arbiter Partners Capital Management reduced its stake in Amkor Technology by 80.0% during the most recent quarter end. The investment management company now holds a total of 509,157 shares of Amkor Technology which is valued at $4,562,047 after selling 2,035,999 shares in Amkor Technology , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Amkor Technology makes up approximately 1.54% of Arbiter Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in AMKR by selling 266,605 shares or 94.31% in the most recent quarter. The Hedge Fund company now holds 16,074 shares of AMKR which is valued at $144,023.Zebra Capital Management reduced its stake in AMKR by selling 90,529 shares or 52.28% in the most recent quarter. The Hedge Fund company now holds 82,640 shares of AMKR which is valued at $740,454. Amkor Technology makes up approx 0.25% of Zebra Capital Management’s portfolio.Aperio Group reduced its stake in AMKR by selling 267 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 12,187 shares of AMKR which is valued at $109,196. Pacad Investment Ltd. added AMKR to its portfolio by purchasing 6,800 company shares during the most recent quarter which is valued at $60,928. Amkor Technology makes up approx 0.01% of Pacad Investment Ltd.’s portfolio.Lsv Asset Management reduced its stake in AMKR by selling 1,127,494 shares or 11.82% in the most recent quarter. The Hedge Fund company now holds 8,411,771 shares of AMKR which is valued at $67,798,874. Amkor Technology makes up approx 0.13% of Lsv Asset Management’s portfolio.

Amkor Technology opened for trading at $9.09 and hit $9.27 on the upside on Thursday, eventually ending the session at $9.24, with a gain of 1.54% or 0.14 points. The heightened volatility saw the trading volume jump to 9,29,406 shares. Company has a market cap of $2,194 M.

On the company’s financial health, Amkor Technology reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.08. The company had revenue of $917.00 million for the quarter, compared to analysts expectations of $876.18 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Amkor Technology. Company shares were Reiterated by Deutsche Bank on Aug 2, 2016 to “Hold”, Firm has raised the Price Target to $ 7.50 from a previous price target of $6 .Amkor Technology was Downgraded by Citigroup to ” Sell” on May 25, 2016.

Amkor Technology Inc. (Amkor) 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 employed size thickness and electrical and mechanical and thermal performance. It provides packaging and test services including semiconductor wafer bump wafer probe wafer backgrind package design packaging test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs) fabless semiconductor companies and contract foundries. IDMs design manufacture package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process.

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