Amkor Technology EVP Sells $607,425 in Stock (AMKR)
Amkor Technology (NASDAQ:AMKR) EVP Joo Ho Kim unloaded 52,500 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $11.57, for a total transaction of $607,425.00. Following the transaction, the executive vice president now directly owns 21,930 shares of the company’s stock, valued at approximately $253,730. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Amkor Technology (NASDAQ:AMKR) traded up 0.52% on Thursday, hitting $11.68. The stock had a trading volume of 3,162,165 shares. Amkor Technology has a 52-week low of $3.91 and a 52-week high of $11.81. The stock has a 50-day moving average of $9. and a 200-day moving average of $6.90. The company has a market cap of $2.763 billion and a P/E ratio of 22.39.
Amkor Technology (NASDAQ:AMKR) last released its earnings data on Monday, April 28th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter 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 analysts have recently weighed in on AMKR shares. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average 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.
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.