Amkor Technology EVP Sells $218,200 in Stock (AMKR)
Amkor Technology (NASDAQ:AMKR) EVP John Charles Stone unloaded 20,000 shares of Amkor Technology stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.91, for a total transaction of $218,200.00. Following the completion of the transaction, the executive vice president now directly owns 29,235 shares of the company’s stock, valued at approximately $318,954. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Amkor Technology (NASDAQ:AMKR) traded up 5.12% on Monday, hitting $11.30. The stock had a trading volume of 4,702,255 shares. Amkor Technology has a 52 week low of $3.91 and a 52 week high of $11.27. The stock’s 50-day moving average is $8.95 and its 200-day moving average is $6.72. The company has a market cap of $2.673 billion and a P/E ratio of 20.71.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data 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. Analysts expect that Amkor Technology will post $0.70 EPS for the current fiscal year.
AMKR has been the subject of a number of recent research reports. 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.16.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.