Rhumbline Advisers Boosts Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Rhumbline Advisers increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 8.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 174,649 shares of the semiconductor company’s stock after purchasing an additional 13,774 shares during the period. Rhumbline Advisers owned approximately 0.07% of Amkor Technology worth $1,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Holocene Advisors LP boosted its position in shares of Amkor Technology by 10.2% during the 2nd quarter. Holocene Advisors LP now owns 37,353 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 3,466 shares during the period. Swiss National Bank boosted its position in shares of Amkor Technology by 2.1% during the 2nd quarter. Swiss National Bank now owns 200,600 shares of the semiconductor company’s stock worth $1,496,000 after purchasing an additional 4,100 shares during the period. CWM Advisors LLC boosted its position in shares of Amkor Technology by 35.2% during the 2nd quarter. CWM Advisors LLC now owns 23,855 shares of the semiconductor company’s stock worth $178,000 after purchasing an additional 6,215 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Amkor Technology during the 2nd quarter worth approximately $51,000. Finally, Advisory Services Network LLC boosted its position in shares of Amkor Technology by 500.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,000 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 7,500 shares during the period. 37.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, October 22nd. ValuEngine cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank increased their price objective on shares of Amkor Technology from $8.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. BidaskClub raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 5th. Finally, TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.67.

In other news, EVP John Charles Stone sold 37,352 shares of Amkor Technology stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $13.44, for a total transaction of $502,010.88. Following the completion of the sale, the executive vice president now directly owns 62,368 shares of the company’s stock, valued at approximately $838,225.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roger Anthony Carolin sold 12,000 shares of Amkor Technology stock in a transaction on Friday, November 8th. The stock was sold at an average price of $12.77, for a total transaction of $153,240.00. Following the sale, the director now directly owns 30,383 shares of the company’s stock, valued at $387,990.91. The disclosure for this sale can be found here. Insiders sold a total of 89,352 shares of company stock valued at $1,171,251 in the last three months. 59.60% of the stock is currently owned by corporate insiders.

Shares of AMKR stock opened at $12.99 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.68 and a debt-to-equity ratio of 0.68. Amkor Technology, Inc. has a 52 week low of $5.74 and a 52 week high of $15.24. The stock has a market capitalization of $3.11 billion, a PE ratio of 48.00 and a beta of 2.01. The firm has a 50 day moving average of $10.90 and a two-hundred day moving average of $8.73.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.15. Amkor Technology had a net margin of 1.26% and a return on equity of 3.51%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.24 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Analysts expect that Amkor Technology, Inc. will post 0.4 EPS for the current fiscal year.

About Amkor Technology

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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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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