Insider Selling: Amkor Technology (NASDAQ:AMKR) Director Sells $391,000.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston Churchill sold 5,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the transaction, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Amkor Technology Stock Up 4.7%

NASDAQ AMKR opened at $90.46 on Friday. The stock has a fifty day moving average of $71.18 and a 200-day moving average of $55.02. The stock has a market capitalization of $22.42 billion, a P/E ratio of 51.69 and a beta of 2.25. Amkor Technology, Inc. has a 52 week low of $19.79 and a 52 week high of $96.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01.

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

Amkor Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

AMKR has been the subject of several analyst reports. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 6th. UBS Group reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a research note on Tuesday, May 26th. Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. B. Riley Financial upped their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group raised their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and an average target price of $67.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its holdings in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. UBS Group AG boosted its position in shares of Amkor Technology by 205.5% during the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after buying an additional 843,983 shares during the period. Black Swift Group LLC bought a new position in shares of Amkor Technology during the fourth quarter worth about $797,000. GF Fund Management CO. LTD. bought a new position in shares of Amkor Technology during the fourth quarter worth about $4,868,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Amkor Technology in the 4th quarter valued at approximately $841,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.