Insider Selling: Amkor Technology (NASDAQ:AMKR) EVP Sells $358,150.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) EVP Mark Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $71.63, for a total value of $358,150.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $2,786,693.52. 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 Stock Performance

Shares of AMKR opened at $65.75 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a 50 day moving average price of $60.04 and a two-hundred day moving average price of $49.37. The firm has a market capitalization of $16.30 billion, a P/E ratio of 37.57 and a beta of 2.29. Amkor Technology, Inc. has a 52 week low of $17.79 and a 52 week high of $79.23.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Equities analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s payout ratio is presently 18.86%.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in Amkor Technology by 47.0% in the third quarter. Allianz Asset Management GmbH now owns 519,461 shares of the semiconductor company’s stock valued at $14,753,000 after purchasing an additional 166,091 shares during the last quarter. UBS Group AG lifted its stake in Amkor Technology by 205.5% in the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after purchasing an additional 843,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Amkor Technology by 53.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 59,386 shares of the semiconductor company’s stock valued at $1,767,000 after purchasing an additional 20,710 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Amkor Technology in the fourth quarter valued at approximately $4,868,000. Finally, SummerHaven Investment Management LLC purchased a new position in Amkor Technology in the third quarter valued at approximately $1,098,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMKR. UBS Group set a $43.00 target price on Amkor Technology in a research note on Tuesday, February 10th. B. Riley Financial boosted their target price on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Morgan Stanley boosted their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. Finally, Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.75.

Check Out Our Latest Stock Report on Amkor Technology

About Amkor Technology

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

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