Insider Selling: Amkor Technology, Inc. (AMKR) Director Sells 13,402 Shares of Stock
Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston J. Churchill sold 13,402 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $11.00, for a total transaction of $147,422.00. Following the completion of the transaction, the director now directly owns 42,178 shares in the company, valued at $463,958. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) traded up 1.11% during trading on Friday, hitting $10.96. 1,117,685 shares of the stock were exchanged. The firm’s 50 day moving average price is $11.60 and its 200-day moving average price is $10.89. Amkor Technology, Inc. has a 52 week low of $5.33 and a 52 week high of $12.48. The stock has a market cap of $2.62 billion, a P/E ratio of 16.81 and a beta of 2.44.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. Amkor Technology had a net margin of 4.22% and a return on equity of 12.78%. The firm had revenue of $914 million during the quarter, compared to the consensus estimate of $902.06 million. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Amkor Technology, Inc. will post $0.80 EPS for the current year.
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Large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in Amkor Technology during the first quarter worth approximately $7,589,000. Metropolitan Life Insurance Co. NY raised its stake in Amkor Technology by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 67,848 shares of the semiconductor company’s stock worth $786,000 after buying an additional 1,881 shares in the last quarter. Paloma Partners Management Co raised its stake in Amkor Technology by 1,016.3% in the first quarter. Paloma Partners Management Co now owns 124,234 shares of the semiconductor company’s stock worth $1,439,000 after buying an additional 113,105 shares in the last quarter. Sensato Investors LLC raised its stake in Amkor Technology by 210.2% in the first quarter. Sensato Investors LLC now owns 285,695 shares of the semiconductor company’s stock worth $3,311,000 after buying an additional 193,593 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Amkor Technology by 16.6% in the first quarter. AQR Capital Management LLC now owns 1,306,576 shares of the semiconductor company’s stock worth $15,143,000 after buying an additional 185,738 shares in the last quarter. 34.42% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.00 price objective (up from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. Finally, TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a research note on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Amkor Technology has a consensus rating of “Hold” and a consensus target price of $10.73.
Amkor Technology Company Profile
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.
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