Douglas Alexander Sells 5,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Douglas Alexander sold 5,000 shares of Amkor Technology stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the transaction, the director owned 29,109 shares of the company’s stock, valued at approximately $2,229,167.22. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $76.61 on Friday. The stock has a market cap of $18.99 billion, a PE ratio of 43.78 and a beta of 2.29. Amkor Technology, Inc. has a fifty-two week low of $17.79 and a fifty-two week high of $79.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a fifty day moving average of $54.59 and a 200-day moving average of $46.52.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.33 annualized dividend and a yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMKR shares. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. UBS Group set a $43.00 target price on Amkor Technology in a research note on Tuesday, February 10th. B. Riley Financial boosted their price target on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.75.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Amkor Technology by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after acquiring an additional 687,900 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after purchasing an additional 653,489 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Amkor Technology by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after purchasing an additional 17,656 shares in the last quarter. State Street Corp increased its stake in Amkor Technology by 1.4% in the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock worth $137,151,000 after buying an additional 47,514 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Amkor Technology by 37.4% during the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after purchasing an additional 740,701 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

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.