Insider Selling: Joo Ho Kim Unloads 63,697 Shares of Amkor Technology Stock (AMKR)
Amkor Technology (NASDAQ:AMKR) EVP Joo Ho Kim unloaded 63,697 shares of the company’s stock on the open market in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $9.38, for a total value of $597,477.86. Following the completion of the transaction, the executive vice president now directly owns 21,930 shares of the company’s stock, valued at approximately $205,703. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Amkor Technology in a research note on Tuesday, April 29th. They now have a $9.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Amkor Technology from $5.00 to $7.00 in a research note on Tuesday, April 29th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Amkor Technology presently has a consensus rating of “Buy” and a consensus price target of $8.16.
Amkor Technology (NASDAQ:AMKR) traded up 0.32% during mid-day trading on Thursday, hitting $9.43. The stock had a trading volume of 1,016,813 shares. Amkor Technology has a one year low of $3.91 and a one year high of $9.53. The stock’s 50-day moving average is $8.00 and its 200-day moving average is $6.38. The company has a market cap of $2.231 billion and a price-to-earnings ratio of 18.11.
Amkor Technology (NASDAQ:AMKR) last released its earnings data on Monday, April 28th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.06. The company had revenue of $696.00 million for the quarter, compared to the consensus estimate of $678.13 million. During the same quarter last year, the company posted $0.07 earnings per share. Amkor Technology’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Amkor Technology will post $0.70 earnings per share for the current fiscal year.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
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