Amkor Technology (NASDAQ:AMKR) CFO Sells $35,000.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $35.00, for a total value of $35,000.00. Following the completion of the transaction, the chief financial officer owned 132,105 shares in the company, valued at $4,623,675. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Megan Faust also recently made the following trade(s):

• On Tuesday, October 13th, Megan Faust sold 1,000 shares of Amkor Technology stock. The shares were sold at an average price of $46.92, for a total value of $46,920.00.
• On Tuesday, September 8th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $49.05, for a total value of $49,050.00.

Amkor Technology Trading Down 2.6%

Shares of Amkor Technology stock traded down $0.98 during trading hours on Thursday, reaching $37.12. The stock had a trading volume of 2,692,886 shares, compared to its average volume of 4,928,399. The firm has a 50 day simple moving average of $45.83 and a two-hundred day simple moving average of $56.46. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.43 and a beta of 2.39. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. Amkor Technology, Inc. has a 1 year low of $29.76 and a 1 year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Amkor Technology had a return on equity of 13.32% and a net margin of 8.30%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 2.50 earnings per share for the current year.

Institutional Trading of Amkor Technology

Several large investors have recently bought and sold shares of the company. Meeder Advisory Services Inc. increased its stake in Amkor Technology by 10.1% during the 3rd quarter. Meeder Advisory Services Inc. now owns 15,088 shares of the semiconductor company’s stock worth $790,000 after buying an additional 1,380 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Amkor Technology in the 3rd quarter valued at about $79,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Amkor Technology by 17.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,072,000 shares of the semiconductor company’s stock valued at $108,651,000 after acquiring an additional 308,000 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Amkor Technology during the third quarter valued at about $461,000. Finally, Private Advisor Group LLC increased its position in shares of Amkor Technology by 65.6% during the third quarter. Private Advisor Group LLC now owns 10,254 shares of the semiconductor company’s stock worth $537,000 after acquiring an additional 4,062 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Morgan Stanley cut their target price on shares of Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 27th. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $90.00 in a report on Friday, July 24th. The Goldman Sachs Group set a $56.00 price target on shares of Amkor Technology in a research report on Tuesday, October 27th. Finally, Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of “Hold” and an average target price of $62.12.

About Amkor Technology

Amkor Technology is a provider of outsourced semiconductor packaging and test services. It works with semiconductor companies to assemble and test integrated circuits before they are incorporated into electronic products. Its services include advanced packaging, wafer bumping, flip-chip packaging, wafer-level packaging, system-in-package solutions, and semiconductor testing. These technologies support applications in markets such as communications, automotive, computing, and consumer electronics.