Amkor Technology, Inc. (AMKR) Shares Bought by American International Group Inc.
American International Group Inc. boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,328 shares of the semiconductor company’s stock after acquiring an additional 5,109 shares during the quarter. American International Group Inc.’s holdings in Amkor Technology were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of AMKR. AJO LP boosted its holdings in Amkor Technology by 313.9% in the second quarter. AJO LP now owns 5,119,841 shares of the semiconductor company’s stock valued at $50,021,000 after acquiring an additional 3,882,836 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Amkor Technology by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 13,969,724 shares of the semiconductor company’s stock worth $136,485,000 after purchasing an additional 991,891 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amkor Technology by 33.4% during the second quarter. JPMorgan Chase & Co. now owns 2,739,703 shares of the semiconductor company’s stock worth $26,767,000 after purchasing an additional 685,839 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Amkor Technology by 3.1% during the second quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock worth $129,836,000 after purchasing an additional 405,622 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Amkor Technology by 67.1% during the third quarter. Bank of New York Mellon Corp now owns 963,347 shares of the semiconductor company’s stock worth $10,163,000 after purchasing an additional 386,799 shares in the last quarter. Hedge funds and other institutional investors own 39.38% of the company’s stock.
Amkor Technology, Inc. (AMKR) opened at $10.32 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. Amkor Technology, Inc. has a one year low of $8.32 and a one year high of $12.48. The company has a market capitalization of $2,480.00, a PE ratio of 9.47 and a beta of 2.62.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. analysts forecast that Amkor Technology, Inc. will post 0.51 EPS for the current year.
A number of brokerages have commented on AMKR. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.50.
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Amkor Technology Profile
Amkor Technology, Inc 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; size, thickness and electrical, and mechanical and thermal performance.
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