Renaissance Technologies LLC Decreases Stake in Amkor Technology, Inc. (AMKR)

Renaissance Technologies LLC decreased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,825,100 shares of the semiconductor company’s stock after selling 649,200 shares during the period. Renaissance Technologies LLC’s holdings in Amkor Technology were worth $44,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. Massachusetts Financial Services Co. MA increased its position 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 valued at $725,000 after buying an additional 743 shares during the period. Adams Diversified Equity Fund Inc. increased its position 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 valued at $833,000 after buying an additional 2,000 shares during the period. UBS Group AG increased its position in Amkor Technology by 25.2% in the first quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,164 shares during the period. Parametric Portfolio Associates LLC increased its position 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 valued at $7,140,000 after buying an additional 3,081 shares during the period. Finally, Parkwood LLC increased its position in Amkor Technology by 21.6% in the first quarter. Parkwood LLC now owns 22,270 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 3,949 shares during the period. 38.82% of the stock is owned by institutional investors and hedge funds.

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

Amkor Technology, Inc. (NASDAQ:AMKR) traded up 0.234% on Thursday, hitting $10.705. 363,288 shares of the stock were exchanged. The company’s 50-day moving average is $11.41 and its 200-day moving average is $10.88. Amkor Technology, Inc. has a 52 week low of $5.33 and a 52 week high of $12.48. The company has a market cap of $2.56 billion, a PE ratio of 16.419 and a beta of 2.46.

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 business had revenue of $914 million during the quarter, compared to analysts’ expectations of $902.06 million. Amkor Technology had a return on equity of 11.44% and a net margin of 3.94%. Amkor Technology’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Amkor Technology, Inc. will post $0.80 earnings per share for the current year.

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Several research firms have recently issued reports on AMKR. BidaskClub downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, May 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $12.00 target price (up previously from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a research note on Tuesday, April 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.73.

In related news, Director Roger Anthony Carolin sold 10,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.05, for a total value of $120,500.00. Following the completion of the sale, the director now directly owns 39,476 shares of the company’s stock, valued at approximately $475,685.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Winston J. Churchill sold 56,598 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $11.96, for a total value of $676,912.08. Following the completion of the sale, the director now directly owns 48,776 shares of the company’s stock, valued at $583,360.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,010 shares of company stock valued at $3,296,640. 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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