Guillaume Marie Jean Rutten Sells 50,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Guillaume Marie Jean Rutten sold 50,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 502,558 shares in the company, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Stock Up 1.6%

Amkor Technology stock opened at $74.61 on Thursday. The stock has a market cap of $18.49 billion, a P/E ratio of 42.63 and a beta of 2.29. 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, Inc. has a twelve month low of $17.79 and a twelve month high of $79.23. The company’s 50-day moving average price is $56.71 and its two-hundred day moving average price is $47.75.

Amkor Technology (NASDAQ:AMKR) last announced its 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. 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, analysts expect 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. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Institutional Trading of Amkor Technology

A number of hedge funds and other institutional investors have recently modified their holdings of AMKR. Royal Bank of Canada grew its stake 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 buying an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after purchasing an additional 222,107 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Amkor Technology during the first quarter valued at about $271,000. Institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AMKR shares. UBS Group set a $43.00 target price on shares of Amkor Technology in a report on Tuesday, February 10th. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. B. Riley Financial raised their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC raised their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.