Xact Kapitalforvaltning AB purchased a new position in shares of Amkor Technology (NASDAQ:AMKR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 14,376 shares of the semiconductor company’s stock, valued at approximately $144,000.
A number of other hedge funds have also recently bought and sold shares of AMKR. MetLife Investment Advisors LLC bought a new stake in Amkor Technology during the 4th quarter worth approximately $464,000. Macquarie Group Ltd. increased its holdings in Amkor Technology by 96.8% during the 4th quarter. Macquarie Group Ltd. now owns 55,300 shares of the semiconductor company’s stock worth $556,000 after purchasing an additional 27,200 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Amkor Technology by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 230,045 shares of the semiconductor company’s stock worth $2,312,000 after purchasing an additional 14,058 shares in the last quarter. Millennium Management LLC bought a new stake in Amkor Technology during the 4th quarter worth approximately $1,540,000. Finally, STA Wealth Management LLC increased its holdings in Amkor Technology by 6.5% during the 4th quarter. STA Wealth Management LLC now owns 122,044 shares of the semiconductor company’s stock worth $1,227,000 after purchasing an additional 7,481 shares in the last quarter. 40.21% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on AMKR shares. Credit Suisse Group raised Amkor Technology from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 13th. BidaskClub lowered Amkor Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Zacks Investment Research lowered Amkor Technology from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised Amkor Technology from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.50.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.09 billion. Amkor Technology had a return on equity of 8.81% and a net margin of 6.23%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. analysts expect that Amkor Technology will post 0.78 EPS for the current year.
In other news, Director Winston J. Churchill sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $11.36, for a total value of $681,600.00. Following the completion of the transaction, the director now directly owns 48,776 shares of the company’s stock, valued at $554,095.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 57.90% of the company’s stock.
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About Amkor Technology
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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