Swiss National Bank raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 183,400 shares of the semiconductor company’s stock after acquiring an additional 7,100 shares during the quarter. Swiss National Bank’s holdings in Amkor Technology were worth $1,843,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp purchased a new stake in Amkor Technology in the fourth quarter valued at about $111,000. Teacher Retirement System of Texas purchased a new stake in Amkor Technology in the fourth quarter valued at about $373,000. Alambic Investment Management L.P. raised its stake in Amkor Technology by 99.1% in the fourth quarter. Alambic Investment Management L.P. now owns 206,025 shares of the semiconductor company’s stock valued at $2,071,000 after buying an additional 102,525 shares during the last quarter. Engineers Gate Manager LP raised its stake in Amkor Technology by 86.9% in the fourth quarter. Engineers Gate Manager LP now owns 97,538 shares of the semiconductor company’s stock valued at $980,000 after buying an additional 45,349 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Amkor Technology in the fourth quarter valued at about $107,000. Institutional investors own 40.24% of the company’s stock.
AMKR has been the subject of a number of research analyst reports. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Credit Suisse Group upgraded Amkor Technology from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research cut Amkor Technology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.50.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. Amkor Technology had a return on equity of 8.81% and a net margin of 6.23%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. research analysts anticipate that Amkor Technology, Inc. will post 0.78 EPS for the current year.
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Amkor Technology Company 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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