Valley Wealth Managers Inc. Sells 226,009 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Valley Wealth Managers Inc. trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,692 shares of the semiconductor company’s stock after selling 226,009 shares during the quarter. Valley Wealth Managers Inc. owned 0.20% of Amkor Technology worth $12,966,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Amkor Technology during the third quarter valued at $39,000. Larson Financial Group LLC increased its stake in shares of Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares during the period. Blue Trust Inc. increased its stake in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 922 shares during the period. Quarry LP increased its stake in shares of Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,535 shares during the period. Finally, 1620 Investment Advisors Inc. increased its stake in shares of Amkor Technology by 400.8% during the third quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 3,062 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $22.51 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. Amkor Technology, Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $44.86. The company has a market cap of $5.55 billion, a PE ratio of 15.21 and a beta of 1.81. The business has a 50-day simple moving average of $25.29 and a two-hundred day simple moving average of $27.90.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. As a group, equities analysts expect that Amkor Technology, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. KeyCorp cut their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. B. Riley cut their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. DA Davidson cut their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group cut their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology presently has an average rating of “Hold” and an average price target of $31.50.

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 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.