IndexIQ Advisors LLC increased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 83.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,784 shares of the semiconductor company’s stock after buying an additional 33,927 shares during the period. IndexIQ Advisors LLC’s holdings in Amkor Technology were worth $789,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMKR. Verition Fund Management LLC bought a new position in Amkor Technology during the second quarter worth $108,000. UBS Group AG raised its stake in Amkor Technology by 25.2% during the first quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock worth $124,000 after buying an additional 2,164 shares during the last quarter. Eagle Global Advisors LLC bought a new position in Amkor Technology during the second quarter worth $124,000. Amalgamated Bank raised its stake in Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock worth $126,000 after buying an additional 349 shares during the last quarter. Finally, ARP Americas LLC bought a new position in Amkor Technology during the second quarter worth $128,000. 38.07% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on AMKR. Zacks Investment Research downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “hold” rating and set a $10.50 target price (down previously from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.50.
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Shares of Amkor Technology, Inc. (NASDAQ AMKR) opened at $10.99 on Monday. Amkor Technology, Inc. has a 52 week low of $8.32 and a 52 week high of $12.48. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2,629.68, a price-to-earnings ratio of 14.65 and a beta of 2.70.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Amkor Technology had a net margin of 4.90% and a return on equity of 14.24%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. equities research analysts predict that Amkor Technology, Inc. will post 0.51 EPS for the current year.
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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