Insider Selling: Amkor Technology Director Roger Anthony Carolin Unloads 30,000 Shares (AMKR)
Amkor Technology (NASDAQ:AMKR) Director Roger Anthony Carolin sold 30,000 shares of Amkor Technology stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $11.63, for a total transaction of $348,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Amkor Technology (NASDAQ:AMKR) traded up 2.29% during mid-day trading on Wednesday, hitting $11.62. The stock had a trading volume of 2,837,016 shares. Amkor Technology has a one year low of $3.91 and a one year high of $11.66. The stock’s 50-day moving average is $9.2 and its 200-day moving average is $6.86. The company has a market cap of $2.749 billion and a P/E ratio of 21.89.
Amkor Technology (NASDAQ:AMKR) last released its 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.
A number of research firms have recently commented on AMKR. 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 currently has an average 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.
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