Here is the rundown on market activity for Amkor Technology, Inc. (NASDAQ:AMKR). President and CEO Stephen Douglas Kelley disclosed the sale of 108,510 shares. The shares sold for $12.10. Kelley now owns $2,443,595 of the stock per the Form 4 SEC filing. Roger Anthony Carolin, Director sold $120,500 worth of shares at an average price of $12.05 on Thu the 8th. That brings Carolin’s holdings to $355,186 as recorded in a recent Form 4 SEC filing.
Winston J. Churchill, Director disclosed the sale of 13,402 shares of AMKR stock. The shares were sold on May 18th for an average price of $11.00. The Director now owns $316,536 of the stock according to the SEC filing.
Amkor Technology, Inc., launched on September 26, 1997, is a provider of outsourced semiconductor packaging and test services. The Business’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. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, system-level, and final test and drop shipment services. The Company 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..
These firms have also modified their investment in AMKR. As of the end of the quarter Morgan Stanley had sold a total of 2,260 shares trimming its position 17.7%. The value of the investment in Amkor Technology, Inc. went from $135,000 to $122,000 a change of $13,000 quarter over quarter. As of quarter end Tower Research Capital LLC (trc) had disposed of 5,443 shares trimming its holdings by 94.1%. The value of the total investment in Amkor Technology, Inc. decreased from $61,000 to $4,000 a change of 93.4% quarter to quarter.
As of the end of the quarter Goldman Sachs Group Inc had acquired 167,549 shares growing its stake by 88.6%. The value in dollars went from $1,996,000 to $4,135,000 increasing 107.2% for the reporting period. As of quarter end State Street Corp had sold 87,237 shares trimming its holdings by 3.8%. The value of the company’s investment in Amkor Technology, Inc. increased from $23,904,000 to $25,250,000 increasing 5.6% since the last quarter.
On May 25 the stock rating was downgraded to “Sell” from “Neutral” in a report issued by Citigroup. Citigroup lowered the price target and downgraded the stock on September 15 cutting the price target from $7.00 to $5.80 and moving the rating from “Buy” to “Neutral”.
On September 15 the company was downgraded from “Buy” to “Neutral” with a current price target of $5.80 in a report from Citigroup. On February 10 Deutsche Bank left the stock rating at “Hold” and raised the price expectation to $8.00 from $7.00.
October 28 investment analysts at Credit Suisse kept the stock rating at “Neutral” and moved down the price target from $10.20 to $8.00. On August 8 Citigroup maintained a stock rating of “Buy” and raised the price target to $11.50 from $8.25.
The company is so far trading down by -2.72% since yesterday’s close of $11.41. The stock is trading at $11.10 which is a tad under the 50 day moving average which is $11.65 and a tad above the 200 day moving average of $10.93. The 50 day moving average was down by -5.18% and the 200 day average moved up $0.12.
The most current P/E ratio is 16.95 and the market value is 2.64B. As of the latest earnings report the EPS was $0.65 and is estimated to be $0.80 for the current year with 239,014,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.32 and the next full year EPS is anticipated to be $0.85.
Investors are a little more bullish on the company lately if you look at the change in short interest. The firm had a fall in short interest of -7.14% between May 15, 2017 and April 28, 2017. Short shares decreased 563,771 over that timeframe. Days to cover increased 1.6 to 6.2 and the short interest percentage is 0.03% as of April 28.