Bowling Portfolio Management LLC reduced its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 61.8% in the third quarter, HoldingsChannel.com reports. The firm owned 27,427 shares of the semiconductor company’s stock after selling 44,326 shares during the period. Bowling Portfolio Management LLC’s holdings in Amkor Technology were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMKR. Macquarie Group Ltd. purchased a new position in shares of Amkor Technology in the second quarter worth $30,000. New York State Teachers Retirement System purchased a new position in shares of Amkor Technology in the second quarter worth $41,000. Principal Financial Group Inc. purchased a new position in shares of Amkor Technology in the first quarter worth $108,000. First Command Bank purchased a new position in shares of Amkor Technology in the second quarter worth $117,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Amkor Technology in the second quarter worth $126,000. 39.06% of the stock is currently owned by hedge funds and other institutional investors.

AMKR stock opened at $12.80 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.83 and a debt-to-equity ratio of 0.66. Amkor Technology, Inc. has a twelve month low of $5.40 and a twelve month high of $15.80. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 11.33 and a beta of 1.80. The firm’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $11.25.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.25. Amkor Technology had a net margin of 5.94% and a return on equity of 13.54%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Amkor Technology from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 1st. Credit Suisse Group raised shares of Amkor Technology from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Monday, September 14th. BidaskClub raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. Finally, Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.04.

In other news, CFO Megan Faust sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $15.40, for a total value of $770,000.00. Following the transaction, the chief financial officer now directly owns 57,219 shares in the company, valued at $881,172.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 15,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $12.58, for a total transaction of $188,700.00. Following the completion of the transaction, the chief executive officer now owns 390,000 shares in the company, valued at $4,906,200. The disclosure for this sale can be found here. Insiders have sold 98,000 shares of company stock worth $1,368,050 in the last quarter. Company insiders own 59.30% of the company’s stock.

Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, 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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