Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 504,692 shares of the semiconductor company’s stock after selling 226,009 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Amkor Technology were worth $12,966,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMKR. Highland Capital Management LLC increased its position in shares of Amkor Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 482 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Amkor Technology by 2.0% in the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock valued at $1,020,000 after buying an additional 782 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Amkor Technology by 0.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock valued at $2,461,000 after buying an additional 785 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its position in shares of Amkor Technology by 5.4% in the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after buying an additional 792 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMKR has been the subject of several research reports. B. Riley dropped their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. KeyCorp dropped their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. DA Davidson dropped their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.50.

Amkor Technology Stock Up 1.4 %

Shares of NASDAQ:AMKR opened at $22.51 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $25.29 and a two-hundred day moving average of $27.90. The stock has a market cap of $5.55 billion, a P/E ratio of 15.21 and a beta of 1.81. Amkor Technology, Inc. has a 52-week low of $21.46 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. On average, research analysts expect that Amkor Technology, Inc. will post 1.38 earnings per share for the current year.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.