Simplex Trading adds Amkor Technology (AMKR) to its portfolio

Amkor Technology (AMKR) : Simplex Trading added new position in Amkor Technology during the most recent quarter end. The investment management firm now holds 47,901 shares of Amkor Technology which is valued at $475,178 , the company said in a statement filed on Oct 7, 2016 with the SEC.Amkor Technology makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in AMKR in the latest quarter, The investment management firm added 4,172 additional shares and now holds a total of 13,193 shares of Amkor Technology which is valued at $130,611.

Amkor Technology closed down -0.04 points or -0.40% at $9.92 with 10,25,524 shares getting traded on Friday. Post opening the session at $9.99, the shares hit an intraday low of $9.771 and an intraday high of $9.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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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