Amkor Technology (NASDAQ:AMKR) Stock Price Down 3.8% After Insider Selling

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price was down 3.8% during trading on Thursday after an insider sold shares in the company. The company traded as low as $64.95 and last traded at $65.90. Approximately 5,041,361 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 4,521,416 shares. The stock had previously closed at $68.49.

Specifically, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $64.60, for a total transaction of $64,600.00. Following the completion of the sale, the chief financial officer directly owned 133,138 shares in the company, valued at approximately $8,600,714.80. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $71.63, for a total value of $358,150.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,786,693.52. This represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of research reports. Morgan Stanley increased their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. UBS Group set a $43.00 price target on Amkor Technology in a report on Tuesday, February 10th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. raised their price objective on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Finally, Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.75.

Key Stories Impacting Amkor Technology

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor’s collaboration with AMD on advanced packaging highlights growing demand tied to AI and advanced semiconductor production, which is a meaningful positive for AMKR. Amkor working with AMD on advanced packaging after acquiring more land in Arizona
• Positive Sentiment: Amkor’s Arizona land acquisition supports its long-term advanced packaging expansion and suggests management is investing for future growth. Amkor Technology Expands U.S. Advanced Packaging Footprint with Additional Land in Arizona
• Positive Sentiment: Management’s updated long-term earnings outlook appears to have strengthened the investment case for Amkor as a growth story, even if the near-term reaction was mixed. LITE vs. AMKR: Which AI Connectivity Stock Has Better Potential?
• Neutral Sentiment: Amkor’s Investor Day and Nasdaq Closing Bell event should improve visibility with investors, but it is more of a presentation/branding event than an immediate earnings catalyst. Amkor Technology to Host 2026 Investor Day and Ring Nasdaq Closing Bell
• Neutral Sentiment: Recent insider sales by the CFO and an EVP were disclosed, but both were made under pre-arranged 10b5-1 plans, which typically limits their significance as a bearish signal.
• Neutral Sentiment: Commentary from MSN noted the stock dipped after the company provided a longer-term outlook, suggesting some investors may be taking profits or waiting for more clarity on execution. Amkor dips after providing long-term outlook

Amkor Technology Trading Down 3.8%

The company has a 50 day simple moving average of $59.17 and a 200 day simple moving average of $49.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The company has a market capitalization of $16.33 billion, a PE ratio of 37.66 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion for 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 business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Hedge Funds Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Amkor Technology by 12.5% in the 1st 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 last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of 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 last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after purchasing an additional 218 shares during the last quarter. Evolve Private Wealth LLC raised its position in Amkor Technology by 3.0% during 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 lifted its position in Amkor Technology by 8.6% in the first quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 235 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

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.