CWM Advisors LLC Reduces Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

CWM Advisors LLC trimmed its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,152 shares of the semiconductor company’s stock after selling 3,308 shares during the period. CWM Advisors LLC’s holdings in Amkor Technology were worth $407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMKR. LSV Asset Management grew its position in Amkor Technology by 6.8% during the 1st quarter. LSV Asset Management now owns 5,537,906 shares of the semiconductor company’s stock worth $131,303,000 after purchasing an additional 353,363 shares during the last quarter. Dupont Capital Management Corp grew its position in Amkor Technology by 67.2% during the 1st quarter. Dupont Capital Management Corp now owns 166,190 shares of the semiconductor company’s stock worth $3,940,000 after purchasing an additional 66,806 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Amkor Technology during the 1st quarter worth $336,000. Comerica Bank purchased a new position in Amkor Technology during the 1st quarter worth $1,436,000. Finally, New Mexico Educational Retirement Board purchased a new position in Amkor Technology during the 1st quarter worth $384,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Guillaume Marie Jean Rutten sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $24.52, for a total transaction of $367,800.00. Following the transaction, the chief executive officer now owns 440,000 shares of the company’s stock, valued at $10,788,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Megan Faust sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $23.29, for a total transaction of $1,513,850.00. Following the transaction, the chief financial officer now directly owns 19,844 shares in the company, valued at approximately $462,166.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,457 shares of company stock valued at $4,558,573. 59.30% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on AMKR shares. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Thursday, February 11th. Citigroup lifted their target price on shares of Amkor Technology from $13.00 to $15.00 in a report on Thursday, February 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.25.

Shares of NASDAQ AMKR opened at $18.06 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. Amkor Technology, Inc. has a 52 week low of $9.04 and a 52 week high of $27.50. The firm has a 50-day moving average price of $22.82 and a 200 day moving average price of $18.72. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 14.11 and a beta of 1.63.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Sunday, April 25th. The semiconductor company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.33 billion during the quarter. Amkor Technology had a net margin of 6.39% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. Equities research analysts expect that Amkor Technology, Inc. will post 1.24 EPS for the current fiscal 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 rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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

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