Insider Selling: Amkor Technology (NASDAQ:AMKR) EVP Sells 5,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark Rogers sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $71.63, for a total value of $358,150.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at $2,786,693.52. This represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Trading Up 4.5%

Shares of Amkor Technology stock traded up $2.95 on Wednesday, reaching $68.49. 3,033,280 shares of the company were exchanged, compared to its average volume of 4,515,900. The stock has a fifty day moving average price of $58.66 and a 200-day moving average price of $48.76. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 39.14 and a beta of 2.29. 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 fifty-two week low of $17.79 and a fifty-two week high of $79.23.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’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 earned $0.09 earnings per share. On average, analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the period. Bessemer Group Inc. raised its position in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 391 shares during the period. Root Financial Partners LLC grew its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares in the last quarter. IFP Advisors Inc grew its stake in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Amkor Technology in the first quarter valued at about $45,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group set a $43.00 target price on Amkor Technology in a research report on Tuesday, February 10th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Needham & Company LLC boosted their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group upped their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research 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 stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $62.75.

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.