MetLife Investment Advisors LLC trimmed its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 34.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,149 shares of the semiconductor company’s stock after selling 23,834 shares during the period. MetLife Investment Advisors LLC’s holdings in Amkor Technology were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Amkor Technology by 4.5% during the third quarter. Wells Fargo & Company MN now owns 259,034 shares of the semiconductor company’s stock worth $1,915,000 after acquiring an additional 11,139 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Amkor Technology by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,205,633 shares of the semiconductor company’s stock valued at $8,909,000 after purchasing an additional 27,643 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Amkor Technology by 9.0% in the 3rd 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 last quarter. BlackRock Inc. raised its position in shares of Amkor Technology by 18.6% in the 3rd quarter. BlackRock Inc. now owns 9,153,586 shares of the semiconductor company’s stock valued at $67,644,000 after purchasing an additional 1,438,283 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Amkor Technology in the 3rd quarter valued at approximately $234,000. 38.17% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Finally, ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Amkor Technology presently has a consensus rating of “Hold” and a consensus target price of $7.75.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.06. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $883.32 million. Amkor Technology had a return on equity of 6.04% and a net margin of 2.26%. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, research analysts forecast that Amkor Technology, Inc. will post 0.1 earnings per share for the current fiscal year.
In other news, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $9.36, for a total transaction of $187,200.00. Following the transaction, the director now owns 54,176 shares in the company, valued at $507,087.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Winston J. Churchill sold 17,476 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $9.42, for a total value of $164,623.92. Following the sale, the director now owns 16,000 shares of the company’s stock, valued at approximately $150,720. The disclosure for this sale can be found here. Insiders have sold 62,476 shares of company stock worth $567,824 over the last ninety days. 59.60% of the stock is owned by insiders.
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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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