Gil C. Tily Sells 20,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Gil C. Tily sold 20,000 shares of Amkor Technology stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $32.20, for a total value of $644,000.00. Following the completion of the transaction, the director now directly owns 129,218 shares of the company’s stock, valued at $4,160,819.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Amkor Technology Price Performance

Shares of AMKR opened at $32.54 on Thursday. The business’s fifty day moving average is $31.83 and its 200 day moving average is $30.14. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.00 billion, a P/E ratio of 21.41 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.78 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio is currently 20.39%.

Institutional Trading of Amkor Technology

Several institutional investors and hedge funds have recently modified their holdings of AMKR. Allworth Financial LP boosted its position in shares of Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 755 shares during the last quarter. Pineridge Advisors LLC purchased a new position in Amkor Technology during the 4th quarter worth $28,000. Fifth Third Bancorp grew its position in Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 347 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 806 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Amkor Technology in the 1st quarter valued at $43,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMKR. DA Davidson lifted their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Fox Advisors initiated coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a research note on Tuesday, April 30th. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, B. Riley reiterated a “buy” rating and set a $45.00 price objective (up previously from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. Three equities 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 “Moderate Buy” and a consensus price target of $37.67.

About Amkor Technology

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.