Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston J. Churchill sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $11.36, for a total transaction of $681,600.00. Following the completion of the sale, the director now owns 48,776 shares in the company, valued at approximately $554,095.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Amkor Technology, Inc. (NASDAQ AMKR) opened at $11.15 on Wednesday. The stock has a market cap of $2,670.00, a price-to-earnings ratio of 12.25 and a beta of 2.42. Amkor Technology, Inc. has a 52 week low of $8.32 and a 52 week high of $12.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 1.21.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. Amkor Technology had a net margin of 6.23% and a return on equity of 8.81%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. sell-side analysts forecast that Amkor Technology, Inc. will post 0.78 EPS for the current fiscal year.
AMKR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. BidaskClub raised shares of Amkor Technology from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Credit Suisse Group raised shares of Amkor Technology from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research downgraded shares of Amkor Technology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.50.
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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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