Insider Selling: Amkor Technology (NASDAQ:AMKR) CFO Sells $64,600.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.60, for a total value of $64,600.00. Following the completion of the transaction, the chief financial officer owned 133,138 shares in the company, valued at approximately $8,600,714.80. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Stock Down 0.2%

AMKR opened at $65.75 on Friday. The company has a market cap of $16.30 billion, a P/E ratio of 37.57 and a beta of 2.29. The business’s 50-day moving average price is $60.04 and its 200-day moving average price is $49.37. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12 month low of $17.79 and a 12 month high of $79.23.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its quarterly earnings data 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

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

Amkor Technology News Summary

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. Norges Bank bought a new stake in shares of Amkor Technology in the 4th quarter worth approximately $53,702,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after purchasing an additional 1,186,313 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after purchasing an additional 985,727 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

AMKR has been the topic of several analyst reports. Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, April 6th. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Finally, The Goldman Sachs Group lifted their price objective on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus target price of $62.75.

Get Our Latest Research Report on AMKR

About Amkor Technology

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

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