Metropolitan Life Insurance Co. NY Has $204,000 Position in Amkor Technology, Inc. (AMKR)
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.
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.
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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