Credit Suisse AG Sells 63,465 Shares of Amkor Technology, Inc. (AMKR)

Credit Suisse AG cut its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 35.4% during the first quarter, Holdings Channel reports. The institutional investor owned 116,064 shares of the semiconductor company’s stock after selling 63,465 shares during the period. Credit Suisse AG’s holdings in Amkor Technology were worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMKR. Massachusetts Financial Services Co. MA increased its stake in Amkor Technology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 62,562 shares of the semiconductor company’s stock worth $725,000 after buying an additional 743 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Amkor Technology by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 67,848 shares of the semiconductor company’s stock worth $786,000 after buying an additional 1,881 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its stake in Amkor Technology by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 71,900 shares of the semiconductor company’s stock worth $833,000 after buying an additional 2,000 shares in the last quarter. UBS Group AG increased its stake in Amkor Technology by 25.2% in 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 in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Amkor Technology by 0.5% in the first quarter. Parametric Portfolio Associates LLC now owns 616,041 shares of the semiconductor company’s stock worth $7,140,000 after buying an additional 3,081 shares in the last quarter. 38.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Amkor Technology, Inc. (NASDAQ AMKR) traded down 2.319% during trading on Thursday, hitting $8.635. 340,156 shares of the stock traded hands. The stock has a 50-day moving average of $9.86 and a 200 day moving average of $10.69. The company has a market cap of $2.07 billion, a P/E ratio of 7.793 and a beta of 2.52. Amkor Technology, Inc. has a 1-year low of $8.41 and a 1-year high of $12.48.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $989 million for the quarter, compared to the consensus estimate of $996.10 million. Amkor Technology had a net margin of 6.63% and a return on equity of 12.95%. Amkor Technology’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, equities research analysts predict that Amkor Technology, Inc. will post $0.54 EPS for the current fiscal year.

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A number of research firms have issued reports on AMKR. BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $10.50 price objective (down previously from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $12.25.

In other Amkor Technology news, Director Roger Anthony Carolin sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $12.05, for a total transaction of $120,500.00. Following the transaction, the director now directly owns 39,476 shares of the company’s stock, valued at $475,685.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Douglas Kelley sold 108,510 shares of Amkor Technology stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $12.11, for a total transaction of $1,314,056.10. Following the transaction, the insider now directly owns 310,460 shares in the company, valued at $3,759,670.60. The disclosure for this sale can be found here. Company insiders own 58.10% of the company’s stock.

About Amkor Technology

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

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