Cornercap Investment Counsel Inc. raised its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 72,735 shares of the semiconductor company’s stock after acquiring an additional 7,755 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Amkor Technology were worth $731,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Convergence Investment Partners LLC acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $2,022,000. Macquarie Group Ltd. acquired a new stake in Amkor Technology in the third quarter valued at approximately $296,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Amkor Technology by 42.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 111,240 shares of the semiconductor company’s stock worth $1,174,000 after buying an additional 33,150 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Amkor Technology by 73.9% during the third quarter. Cubist Systematic Strategies LLC now owns 50,260 shares of the semiconductor company’s stock worth $530,000 after buying an additional 21,358 shares during the period. Finally, Boston Advisors LLC lifted its stake in shares of Amkor Technology by 20.7% during the fourth quarter. Boston Advisors LLC now owns 72,755 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12,460 shares during the period. Institutional investors own 40.24% of the company’s stock.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Amkor Technology from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Amkor Technology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th. Finally, Credit Suisse Group upgraded shares of Amkor Technology from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued 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.
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) opened at $11.15 on Wednesday. Amkor Technology, Inc. has a one year low of $8.32 and a one year high of $12.48. The company has a current ratio of 1.21, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The company has a market cap of $2,755.19, a price-to-earnings ratio of 10.23 and a beta of 2.42.
Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. Amkor Technology had a net margin of 6.23% and a return on equity of 8.81%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. research analysts predict that Amkor Technology, Inc. will post 0.78 EPS for the current fiscal year.
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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