Winston Churchill Sells 7,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston Churchill sold 7,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total transaction of $535,150.00. Following the completion of the transaction, the director owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This trade represents a 27.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amkor Technology Stock Down 6.4%

Shares of NASDAQ:AMKR traded down $4.95 during trading on Thursday, hitting $72.27. The company’s stock had a trading volume of 4,554,880 shares, compared to its average volume of 4,580,096. The business has a 50 day moving average price of $54.11 and a two-hundred day moving average price of $46.23. The company has a market capitalization of $17.91 billion, a PE ratio of 41.30 and a beta of 2.29. 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, Inc. has a fifty-two week low of $17.59 and a fifty-two week high of $79.23.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 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 net margin of 6.17% and a return on equity of 9.88%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Morgan Stanley boosted 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 note on Tuesday, April 28th. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Amkor Technology has an average rating of “Hold” and an average target price of $62.75.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Amkor Technology by 100.6% during the first 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 during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Amkor Technology by 204.5% during the fourth 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 during the last quarter. Norges Bank purchased a new position in shares of Amkor Technology during the fourth quarter worth about $53,702,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after purchasing an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after purchasing an additional 985,727 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.