Amkor Technology (NASDAQ:AMKR) Director Sells $3,714,000.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director directly owned 502,558 shares of the company’s stock, valued at $37,330,008.24. This trade represents a 9.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Guillaume Marie Jean Rutten also recently made the following trade(s):

• On Tuesday, February 24th, Guillaume Marie Jean Rutten sold 20,000 shares of Amkor Technology stock. The shares were sold at an average price of $48.80, for a total transaction of $976,000.00.

Amkor Technology Trading Down 4.2%

Shares of Amkor Technology stock traded down $3.24 during trading on Tuesday, reaching $73.45. The company’s stock had a trading volume of 3,406,023 shares, compared to its average volume of 4,565,801. Amkor Technology, Inc. has a 52-week low of $17.79 and a 52-week high of $79.23. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 41.97 and a beta of 2.29. The firm’s 50-day moving average is $55.66 and its two-hundred day moving average is $47.15. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 27.5% on a year-over-year basis. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, March 12th. Amkor Technology’s dividend payout ratio is currently 18.86%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMKR. Royal Bank of Canada raised its holdings in Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Amkor Technology by 913.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Amkor Technology by 73.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after purchasing an additional 222,107 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in Amkor Technology in the 1st quarter worth $271,000. 42.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMKR shares. Morgan Stanley upped their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. UBS Group set a $43.00 price target on shares of Amkor Technology in a report on Tuesday, February 10th. Needham & Company LLC upped their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, William Blair upgraded shares of Amkor Technology to a “neutral” rating in a report on Monday, January 12th. 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, Amkor Technology currently has a consensus rating of “Hold” and a consensus target price of $62.75.

About Amkor Technology

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.