Texas Teacher Retirement System Trims Stake in Amkor Technology by 31.8%
June 9, 2023
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The Teacher Retirement System of Texas recently made an announcement that it had reduced its holdings of Amkor Technology ($NASDAQ:AMKR), Inc. stock by 31.8% during the fourth quarter. This news was quite surprising to many, as Amkor Technology is a world-leading provider of semiconductor assembly and test services. Headquartered in Tempe, Arizona, Amkor Technology serves the needs of some of the world’s largest and most advanced electronics companies, providing a wide range of services such as chip packaging, board assembly, and test engineering services. The reduction in holdings by the Teacher Retirement System of Texas comes on the heels of a significant drop in share price for Amkor Technology during the fourth quarter.
Despite this dip, the company is still well-positioned to benefit from the growth of the global semiconductor industry. Overall, the news of the Teacher Retirement System of Texas reducing its holdings of Amkor Technology, Inc. stock by 31.8% is something investors should pay close attention to. While there could be some short-term volatility in the stock price, in the long run, Amkor Technology is still likely to remain a leader in the semiconductor assembly and test services industry.
Analysis
At GoodWhale, we’ve analyzed the financials of AMKOR TECHNOLOGY and concluded that it is a low risk investment in terms of financial and business aspects. After carefully reviewing the company’s balance sheet, we have detected one risk warning – although this doesn’t necessarily mean that investing in AMKOR TECHNOLOGY is a bad decision. To get a better idea of what this risk warning means, we invite you to register on goodwhale.com and check it out. With GoodWhale, you’ll be able to make informed decisions about your investments, helping you to maximize your returns and minimize your risks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amkor Technology. More…
| Total Revenues | Net Income | Net Margin |
| 6.97k | 640.51 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amkor Technology. More…
| Operations | Investing | Financing |
| 1.11k | -922.86 | -119.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amkor Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.58k | 2.85k | 15.05 |
Key Ratios Snapshot
Some of the financial key ratios for Amkor Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.4% | 36.0% | 11.1% |
| FCF Margin | ROE | ROA |
| 3.7% | 13.1% | 7.3% |
Peers
The competition in the semiconductor industry is fierce. Amkor Technology Inc is up against Unisem (M) Bhd, ASE Technology Holding Co Ltd, Vate Technology Corp Ltd, and many other companies. All of these companies are vying for a piece of the pie in an industry that is growing rapidly. The company has a strong market share and is well-positioned to continue its growth.
– Unisem (M) Bhd ($KLSE:5005)
Unisem (M) Bhd is a semiconductor assembly and test company. It has a market cap of 4.21B as of 2022. The company’s ROE is 6.97%. Unisem is involved in the assembly and testing of integrated circuits, semiconductor components, and other electronic devices. The company has operations in Malaysia, the Philippines, China, and the United States.
– ASE Technology Holding Co Ltd ($TWSE:3711)
The company’s market cap is 400.9B as of 2022 and its ROE is 23.11%. The company is engaged in the business of developing, manufacturing and selling semiconductor products.
– Vate Technology Corp Ltd ($TPEX:5344)
Vate Technology Corp Ltd is a publicly traded company with a market capitalization of 1.41 billion as of 2022. The company has a return on equity of 1.79%. Vate Technology Corp Ltd is a leading provider of technology solutions and services. The company offers a wide range of products and services including software development, web development, e-commerce solutions, and IT consulting.
Summary
Investors in Amkor Technology, Inc. may have cause for concern after the Teacher Retirement System of Texas recently cut its holdings by 31.8% during the fourth quarter. This suggests that the institutional investor is becoming more bearish on the stock, which may lead to further declines in its market value. Analysts should pay close attention to Amkor Technology’s financial health and performance to gauge what this large investor will do next. Investors looking to invest in the company should conduct fundamental analysis and consider the risks associated with its value movement.
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