Insider Selling: John Osborne Sells 20,000 Shares of Amkor Technology Stock (AMKR)
Amkor Technology (NASDAQ:AMKR) Director John Osborne sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.30, for a total transaction of $206,000.00. Following the transaction, the director now directly owns 27,334 shares in the company, valued at approximately $281,540. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Amkor Technology (NASDAQ:AMKR) traded up 1.89% on Wednesday, hitting $10.81. 2,108,308 shares of the company’s stock traded hands. Amkor Technology has a 52-week low of $3.91 and a 52-week high of $10.81. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $6.6. The company has a market cap of $2.557 billion and a P/E ratio of 20.44.
Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 28th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Amkor Technology will post $0.70 earnings per share for the current fiscal year.
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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $8.16.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
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