Newest Short Interest Filing: Amkor Tech Incorporated (NASDAQ:AMKR) Stock Is Shorted More

November 24, 2016 - By Peter Erickson   ·   0 Comments

Newest Short Interest Filing: Amkor Tech Incorporated (NASDAQ:AMKR) Stock Is Shorted More

The stock of Amkor Tech Incorporated (NASDAQ:AMKR) registered an increase of 2.46% in short interest. AMKR’s total short interest was 3.60M shares in November as published by FINRA. Its up 2.46% from 3.51M shares, reported previously. With 905,100 shares average volume, it will take short sellers 4 days to cover their AMKR’s short positions. The short interest to Amkor Tech Incorporated’s float is 2.87%. The stock increased 1.03% or $0.12 on November 23, hitting $12.23. About 905,646 shares traded hands. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 112.70% since April 22, 2016 and is uptrending. It has outperformed by 107.29% the S&P500.

Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The company has a market cap of $2.85 billion. 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 has a 53.72 P/E ratio. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services.

Insitutional Activity: The institutional sentiment increased to 1.45 in 2016 Q2. Its up 0.17, from 1.28 in 2016Q1. The ratio improved, 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.
State Street has invested 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR). Vanguard Inc accumulated 6.63M shares or 0% of the stock. Interest Gru reported 57,646 shares or 0% of all its holdings. Bridgeway Mngmt Incorporated accumulated 1.05M shares or 0.09% of the stock. Moreover, Strs Ohio has 0% invested in Amkor Technology, Inc. (NASDAQ:AMKR) for 123,600 shares. Zacks Mngmt, a Illinois-based fund reported 109,277 shares. Adams Diversified Equity Fund accumulated 56,700 shares or 0.02% of the stock. Credit Suisse Ag last reported 106,314 shares in the company. Cipher L P, a New York-based fund reported 59,527 shares. Secor Capital Advsrs Limited Partnership accumulated 0.35% or 487,332 shares. Lsv Asset Management last reported 0.1% of its portfolio in the stock. Price T Rowe Assocs Md has 16,353 shares for 0% of their US portfolio. Moreover, Blackrock Institutional Tru Communication Na has 0% invested in Amkor Technology, Inc. (NASDAQ:AMKR) for 2.45M shares. California State Teachers Retirement System has invested 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR). Hanson Doremus Investment Management has invested 0.47% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR).

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 16 insider sales for $9.45 million net activity. Shares for $330,300 were sold by Stone John Charles. Another trade for 30,000 shares valued at $334,650 was sold by Rutten Guillaume Marie Jean. 200,000 shares were sold by Kelley Stephen Douglas, worth $2.13 million. ZUG JAMES W sold $120,700 worth of stock or 10,000 shares. $85,816 worth of shares were sold by OSBORNE JOHN on Monday, November 21.

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 earned “Outperform” rating on Monday, August 24 by Credit Suisse. The company was upgraded on Tuesday, August 25 by Zacks. The rating was upgraded by Zacks on Tuesday, September 1 to “Sell”. The firm has “Buy” rating given on Tuesday, July 28 by Topeka Capital Markets. On Friday, August 21 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Tuesday, September 15, the company rating was downgraded by Citigroup. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Buy” rating by Topeka Capital Markets on Thursday, April 28. The firm earned “Sell” rating on Wednesday, May 25 by Citigroup.

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.

More news for Amkor Technology, Inc. (NASDAQ:AMKR) were recently published by: Zacks.com, which released: “3 Reasons Why Amkor Technology (AMKR) is a Great Value Stock” on November 08, 2016. Fool.com‘s article titled: “Why Amkor Technology, Inc. Stock Jumped” and published on November 01, 2016 is yet another important article.

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By Peter Erickson

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