Price Change to Note: Is Selling Amkor Technology, Inc. Here a Winning Strategy?

Price Change to Note: Is Selling Amkor Technology, Inc. Here a Winning Strategy?

The stock of Amkor Technology, Inc. (NASDAQ:AMKR) is a huge mover today! About 1.50 million shares traded hands. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 101.02% since April 28, 2016 and is uptrending. It has outperformed by 95.10% the S&P500.
The move comes after 8 months negative chart setup for the $2.56 billion company. It was reported on Dec, 1 by Barchart.com. We have $10.51 PT which if reached, will make NASDAQ:AMKR worth $102.40M less.

Analysts await Amkor Technology, Inc. (NASDAQ:AMKR) to report earnings on February, 9. They expect $0.27 EPS, up 1,250.00% or $0.25 from last year’s $0.02 per share. AMKR’s profit will be $63.12 million for 10.14 P/E if the $0.27 EPS becomes a reality. After $0.25 actual EPS reported by Amkor Technology, Inc. for the previous quarter, Wall Street now forecasts 8.00% EPS growth.

Amkor Technology, Inc. (NASDAQ:AMKR) Ratings Coverage

Out of 3 analysts covering Amkor (NASDAQ:AMKR), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Amkor has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Monday, August 24. On Tuesday, July 28 the stock rating was maintained by Topeka Capital Markets with “Buy”. The firm has “Sell” rating by Citigroup given on Wednesday, May 25. The firm has “Sell” rating by Zacks given on Tuesday, August 25. The stock has “Outperform” rating given by Credit Suisse on Friday, August 21. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Neutral” rating by Citigroup on Tuesday, September 15. Zacks upgraded Amkor Technology, Inc. (NASDAQ:AMKR) on Tuesday, September 1 to “Sell” rating. Topeka Capital Markets maintained Amkor Technology, Inc. (NASDAQ:AMKR) rating on Thursday, April 28. Topeka Capital Markets has “Buy” rating and $7 price target.

According to Zacks Investment Research, “Amkor is the world’s largest independent provider of semiconductor packaging and test services. Also, the company is one of the leading developers of advanced semiconductor packaging and test technology. The company offers one of the industry’s broadest integrated sets of packaging and test services, which are the final procedures necessary to prepare semiconductor devices for further use. Its customers outsource the packaging and testing of semiconductor chips to the company in order to benefit from the our expertise in the development and implementation.”

Insitutional Activity: The institutional sentiment increased to 1.45 in 2016 Q2. Its up 0.17, from 1.28 in 2016Q1. The ratio is positive, as 17 funds sold all Amkor Technology, Inc. shares owned while 37 reduced positions. 27 funds bought stakes while 42 increased positions. They now own 74.52 million shares or 6.13% less from 79.39 million shares in 2016Q1.
Cornerstone Cap Management Hldg Limited Liability Co holds 0.01% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 177,877 shares. Pnc Financial Gp Inc last reported 1,053 shares in the company. Nationwide Fund owns 601,603 shares or 0.01% of their US portfolio. Stevens Cap Mgmt Limited Partnership last reported 0% of its portfolio in the stock. Thrivent Fincl For Lutherans reported 192,720 shares or 0.01% of all its holdings. Vident Inv Advisory Ltd Liability holds 251,719 shares or 0.2% of its portfolio. Fincl Mngmt Professionals has 30 shares for 0% of their US portfolio. Aqr Capital Mgmt Ltd Liability Corp last reported 733,587 shares in the company. Zebra Capital Mgmt Limited Liability Corp has 82,640 shares for 0.17% of their US portfolio. Citadel Advsrs Ltd Liability Corp holds 0% or 186,879 shares in its portfolio. Blackrock Gru accumulated 157,507 shares or 0% of the stock. The Texas-based Dimensional Fund Advsr L P has invested 0.03% in Amkor Technology, Inc. (NASDAQ:AMKR). Springbok Management Ltd Liability last reported 4,568 shares in the company. Smithfield Trust, a Pennsylvania-based fund reported 5,000 shares. Strs Ohio holds 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 123,600 shares.

Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 16 selling transactions for $9.45 million net activity. Shares for $308,750 were sold by Stone John Charles on Monday, November 21. $75,600 worth of Amkor Technology, Inc. (NASDAQ:AMKR) shares were sold by ZUG JAMES W. Kelley Stephen Douglas had sold 100,000 shares worth $1.13 million on Tuesday, November 15. $334,650 worth of Amkor Technology, Inc. (NASDAQ:AMKR) was sold by Rutten Guillaume Marie Jean. Shares for $85,816 were sold by OSBORNE JOHN.

Another recent and important Amkor Technology, Inc. (NASDAQ:AMKR) news was published by Fool.com which published an article titled: “Why Amkor Technology, Inc. Stock Jumped” on November 01, 2016.

AMKR Company Profile

Amkor Technology, Inc., incorporated on October 26, 1997, is a well-known 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 employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Firm provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focus on the semiconductor design process and manufacturing process.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment