Metropolitan Life Insurance Co. NY lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 329.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,071 shares of the semiconductor company’s stock after purchasing an additional 23,834 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Amkor Technology were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Martingale Asset Management L P grew its holdings in shares of Amkor Technology by 9.0% in the third quarter. Martingale Asset Management L P now owns 166,837 shares of the semiconductor company’s stock valued at $1,233,000 after purchasing an additional 13,814 shares during the period. LPL Financial LLC purchased a new stake in shares of Amkor Technology in the third quarter valued at about $140,000. Paloma Partners Management Co purchased a new stake in shares of Amkor Technology in the fourth quarter valued at about $297,000. Hsbc Holdings PLC grew its holdings in shares of Amkor Technology by 99.1% in the fourth quarter. Hsbc Holdings PLC now owns 185,983 shares of the semiconductor company’s stock valued at $1,220,000 after purchasing an additional 92,579 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amkor Technology by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 2,313,340 shares of the semiconductor company’s stock valued at $17,097,000 after purchasing an additional 43,760 shares during the period. 38.41% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a report on Friday, January 25th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Amkor Technology has a consensus rating of “Hold” and an average target price of $7.67.

In other news, Director Winston J. Churchill sold 17,476 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $9.42, for a total transaction of $164,623.92. Following the sale, the director now owns 16,000 shares of the company’s stock, valued at $150,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Charles Stone sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $8.64, for a total transaction of $216,000.00. Following the sale, the insider now directly owns 50,722 shares in the company, valued at approximately $438,238.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,476 shares of company stock valued at $567,824. 57.90% of the stock is currently owned by insiders.

Shares of AMKR stock opened at $9.04 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 16.87 and a beta of 1.91. Amkor Technology, Inc. has a 1-year low of $5.72 and a 1-year high of $10.48.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 11th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Amkor Technology had a net margin of 2.94% and a return on equity of 7.07%. Equities research analysts anticipate that Amkor Technology, Inc. will post 0.1 earnings per share for the current fiscal year.

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Amkor Technology Company Profile

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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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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