Amkor Technology (NASDAQ:AMKR) EVP Sells $431,050.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $3,353,913.84. This represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Price Performance

AMKR stock opened at $90.46 on Friday. Amkor Technology, Inc. has a twelve month low of $19.79 and a twelve month high of $96.68. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $71.94 and its 200-day moving average is $55.27. The firm has a market capitalization of $22.42 billion, a PE ratio of 51.69 and a beta of 2.25.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Sell-side analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s payout ratio is currently 18.86%.

Analyst Upgrades and Downgrades

AMKR has been the subject of several analyst reports. UBS Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Amkor Technology in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. The Goldman Sachs Group increased their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Morgan Stanley lifted their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.38.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its position in Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the period. Root Financial Partners LLC increased its holdings in Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the last quarter. IFP Advisors Inc raised its position in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 447 shares during the period. Hollencrest Capital Management bought a new stake in Amkor Technology in the first quarter worth about $45,000. Finally, State of Wyoming purchased a new position in Amkor Technology in the fourth quarter valued at about $41,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.