Amalgamated Bank Has $1.62 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Amalgamated Bank reduced its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,802 shares of the semiconductor company’s stock after selling 13,665 shares during the quarter. Amalgamated Bank’s holdings in Amkor Technology were worth $1,616,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMKR. Driehaus Capital Management LLC bought a new stake in Amkor Technology in the 2nd quarter valued at $58,379,000. Ceredex Value Advisors LLC bought a new stake in Amkor Technology in the 3rd quarter valued at $42,610,000. Millennium Management LLC increased its holdings in Amkor Technology by 359.7% in the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock valued at $54,439,000 after buying an additional 1,064,404 shares during the period. American Century Companies Inc. increased its holdings in Amkor Technology by 54.4% in the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock valued at $66,966,000 after buying an additional 589,530 shares during the period. Finally, M&G Plc bought a new stake in Amkor Technology in the 1st quarter valued at $11,435,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now directly owns 19,871 shares in the company, valued at $655,146.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Stock Down 2.3 %

Shares of NASDAQ:AMKR opened at $26.48 on Wednesday. Amkor Technology, Inc. has a 12 month low of $23.44 and a 12 month high of $44.86. The company’s 50-day moving average price is $29.45 and its two-hundred day moving average price is $33.04. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.53 billion, a P/E ratio of 17.89 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on AMKR. KeyCorp lowered their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Morgan Stanley lowered their target price on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus price target of $35.63.

Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.