Amkor Technology, Inc. (AMKR) Shares Sold by Timber Hill LLC

Timber Hill LLC lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,028 shares of the semiconductor company’s stock after selling 1,839 shares during the period. Timber Hill LLC’s holdings in Amkor Technology were worth $244,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Investment Management LLC raised its stake in shares of Amkor Technology by 1.2% in the third quarter. BlackRock Investment Management LLC now owns 412,398 shares of the semiconductor company’s stock worth $4,009,000 after buying an additional 4,935 shares during the period. BlackRock Inc. raised its stake in shares of Amkor Technology by 50.6% in the third quarter. BlackRock Inc. now owns 70,394 shares of the semiconductor company’s stock worth $684,000 after buying an additional 23,637 shares during the period. New York State Common Retirement Fund raised its stake in shares of Amkor Technology by 1.2% in the third quarter. New York State Common Retirement Fund now owns 201,770 shares of the semiconductor company’s stock worth $1,961,000 after buying an additional 2,397 shares during the period. BlackRock Group LTD raised its stake in shares of Amkor Technology by 15.2% in the third quarter. BlackRock Group LTD now owns 181,488 shares of the semiconductor company’s stock worth $1,764,000 after buying an additional 23,981 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Amkor Technology by 37.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,366,842 shares of the semiconductor company’s stock worth $32,726,000 after buying an additional 911,863 shares during the period. 34.42% of the stock is owned by institutional investors and hedge funds.

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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) traded up 1.11% on Friday, hitting $10.96. The stock had a trading volume of 1,117,685 shares. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 16.81 and a beta of 2.44. The stock has a 50 day moving average of $11.59 and a 200 day moving average of $10.90. Amkor Technology, Inc. has a 12-month low of $5.33 and a 12-month high of $12.48.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $914 million during the quarter, compared to analyst estimates of $902.06 million. Amkor Technology had a net margin of 4.22% and a return on equity of 12.78%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Amkor Technology, Inc. will post $0.80 earnings per share for the current fiscal year.

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AMKR has been the topic of a number of analyst reports. TheStreet upgraded Amkor Technology from a “c” rating to a “b-” rating in a report on Tuesday, April 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $12.00 price target (up from $9.50) on shares of Amkor Technology in a report on Saturday, April 29th. Finally, Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Amkor Technology currently has an average rating of “Hold” and a consensus target price of $10.73.

In other news, CAO Gil C. Tily sold 87,500 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $11.86, for a total value of $1,037,750.00. Following the sale, the chief accounting officer now directly owns 112,017 shares in the company, valued at $1,328,521.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Guillaume Marie Jean Rutten sold 6,250 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $11.00, for a total value of $68,750.00. Following the completion of the sale, the insider now owns 6,250 shares in the company, valued at $68,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,750 shares of company stock worth $1,930,834. Insiders own 58.70% 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.

5 Day Chart for NASDAQ:AMKR

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