Insider Selling: James W. Zug Unloads 10,000 Shares of Amkor Technology Stock (AMKR)
Amkor Technology (NASDAQ:AMKR) Director James W. Zug sold 10,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $11.69, for a total transaction of $116,900.00. Following the completion of the transaction, the director now directly owns 31,767 shares in the company, valued at approximately $371,356. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 given a buy rating to the company’s stock. Amkor Technology presently has a consensus rating of “Buy” and an average price target of $8.16.
Amkor Technology (NASDAQ:AMKR) traded up 0.52% on Thursday, hitting $11.68. 3,162,165 shares of the company’s stock traded hands. Amkor Technology has a 52 week low of $3.91 and a 52 week high of $11.81. The stock’s 50-day moving average is $9. and its 200-day moving average is $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.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
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