November 23, 2016 - By Peter Kolinski
Amkor Technology Inc President and CEO and an insider Stephen Kelley lately unloaded 85,214 company shares having a worth of $1,041,315 at an average price per share of $12.2. He also sold 556,671 shares that are worth about $6,162,811 USD in the last 30 days. At the moment, he owns a total of 93,750 shares or 0.04% of the company’s total market cap. It is an important trade and hence it will most likely not remain undiscovered.
Out of 3 analysts covering Amkor (NASDAQ:AMKR), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. $7 is the highest target while $5.80 is the lowest. The $6.40 average target is -47.45% below today’s ($12.18) stock price. Amkor has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Sell” rating by Citigroup on Wednesday, May 25. The firm has “Outperform” rating given on Friday, August 21 by Credit Suisse. The rating was upgraded by Credit Suisse on Monday, August 24 to “Outperform”. Topeka Capital Markets maintained Amkor Technology, Inc. (NASDAQ:AMKR) on Tuesday, July 28 with “Buy” rating. Citigroup downgraded it to “Neutral” rating and $5.80 target price in Tuesday, September 15 report. Zacks upgraded Amkor Technology, Inc. (NASDAQ:AMKR) on Tuesday, September 1 to “Sell” rating. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) has “Buy” rating given on Thursday, April 28 by Topeka Capital Markets.
Insitutional Activity: The institutional sentiment increased to 1.45 in 2016 Q2. Its up 0.17, from 1.28 in 2016Q1. The ratio increased, as 17 funds sold all Amkor Technology, Inc. shares owned while 37 reduced positions. 27 funds bought stakes while 42 increased positions. They now own 74.52 million shares or 6.13% less from 79.39 million shares in 2016Q1.
Int Group, a New York-based fund reported 57,646 shares. Voya Investment Mngmt Limited Com has 34,656 shares for 0% of their US portfolio. Federated Pa last reported 0% of its portfolio in the stock. Legal And General Grp Inc Public Ltd Co accumulated 0% or 196,244 shares. Hbk Invests Lp reported 52,200 shares or 0% of all its holdings. Barrow Hanley Mewhinney & Strauss Lc accumulated 458,992 shares or 0% of the stock. Walthausen And Communications Ltd Liability Corp last reported 1.13 million shares in the company. Qs Investors Limited Co accumulated 0.04% or 732,337 shares. Moreover, State Street has 0% invested in Amkor Technology, Inc. (NASDAQ:AMKR) for 2.06 million shares. Numeric Invsts Limited Liability Corp last reported 0.02% of its portfolio in the stock. Moreover, Fmr Ltd Com has 0% invested in Amkor Technology, Inc. (NASDAQ:AMKR) for 5.87 million shares. Airain Limited has 29,095 shares for 0.01% of their US portfolio. Parallax Volatility Advisers Lp has 0% invested in the company for 32,486 shares. Invesco Limited last reported 0% of its portfolio in the stock. Thrivent Fincl For Lutherans last reported 192,720 shares in the company.
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 15 selling transactions for $8.41 million net activity. Stone John Charles had sold 6,600 shares worth $61,050. Rutten Guillaume Marie Jean had sold 23,750 shares worth $293,550 on Monday, November 21. Kelley Stephen Douglas sold $1.13 million worth of stock. 10,000 shares with value of $120,700 were sold by ZUG JAMES W on Friday, November 18. OSBORNE JOHN sold 6,994 shares worth $85,816.
About 414,830 shares traded hands. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 121.21% since April 21, 2016 and is uptrending. It has outperformed by 115.88% the S&P500.
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The company has a market cap of $2.84 billion. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It has a 53.5 P/E ratio. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services.
According to Zacks Investment Research, “Amkor is the world’s largest independent provider of semiconductor packaging and test services. Also, the company is one of the leading developers of advanced semiconductor packaging and test technology. The company offers one of the industry’s broadest integrated sets of packaging and test services, which are the final procedures necessary to prepare semiconductor devices for further use. Its customers outsource the packaging and testing of semiconductor chips to the company in order to benefit from the our expertise in the development and implementation.”
Analysts await Amkor Technology, Inc. (NASDAQ:AMKR) to report earnings on February, 9. They expect $0.27 earnings per share, up 1,250.00% or $0.25 from last year’s $0.02 per share. AMKR’s profit will be $62.96 million for 11.28 P/E if the $0.27 EPS becomes a reality. After $0.25 actual earnings per share reported by Amkor Technology, Inc. for the previous quarter, Wall Street now forecasts 8.00% EPS growth.
Another recent and important Amkor Technology, Inc. (NASDAQ:AMKR) news was published by Fool.com which published an article titled: “Why Amkor Technology, Inc. Stock Jumped” on November 01, 2016.
Amkor Technology, Inc., incorporated on October 26, 1997, is a well-known 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 employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Firm provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focus on the semiconductor design process and manufacturing process.
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