Insider Selling: Amkor Technology (NASDAQ:AMKR) Director Sells 5,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston Churchill sold 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the transaction, the director owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Amkor Technology Price Performance

Shares of Amkor Technology stock traded up $1.18 during trading on Tuesday, hitting $86.62. 14,796,702 shares of the company’s stock traded hands, compared to its average volume of 4,804,493. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The firm’s fifty day moving average price is $68.74 and its 200 day moving average price is $53.92. Amkor Technology, Inc. has a twelve month low of $19.79 and a twelve month high of $96.68. The company has a market cap of $21.47 billion, a PE ratio of 49.50 and a beta of 2.25.

Amkor Technology (NASDAQ:AMKR) last issued its 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. Analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s payout ratio is 18.86%.

Institutional Trading of Amkor Technology

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its position in shares of Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 440 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares during the last quarter. IFP Advisors Inc raised its position in shares of Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in Amkor Technology in the 1st quarter worth about $45,000. Institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMKR shares. 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 research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Morgan Stanley raised 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. Finally, UBS Group restated a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $67.38.

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.