Mark Rogers Sells 5,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark Rogers sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $4.03 during midday trading on Thursday, hitting $90.46. The company had a trading volume of 5,277,771 shares, compared to its average volume of 4,844,138. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 51.69 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company’s 50 day simple moving average is $70.32 and its 200 day simple moving average is $54.64. Amkor Technology, Inc. has a 52-week low of $19.79 and a 52-week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be given a $0.0835 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s payout ratio is currently 18.86%.

Analysts Set New Price Targets

AMKR has been the subject of several research reports. Needham & Company LLC lifted their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. B. Riley Financial upped their price objective on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group increased their price objective on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and an average target price of $67.38.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds have recently made changes to their positions in AMKR. Bessemer Group Inc. grew its position in shares of Amkor Technology by 12.5% in the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 135 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after buying an additional 202 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Amkor Technology by 0.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after buying an additional 218 shares during the last quarter. Evolve Private Wealth LLC boosted its stake in Amkor Technology by 3.0% in the 1st quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock worth $343,000 after buying an additional 222 shares during the last quarter. Finally, Strs Ohio grew its holdings in Amkor Technology by 8.6% in the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.