Insider Selling: Amkor Technology (NASDAQ:AMKR) EVP Sells 20,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) EVP Mark Rogers sold 20,000 shares of Amkor Technology stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $31.69, for a total value of $633,800.00. Following the transaction, the executive vice president owned 23,862 shares in the company, valued at approximately $756,186.78. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Amkor Technology Trading Up 2.4%

Shares of Amkor Technology stock traded up $0.74 during trading hours on Wednesday, hitting $31.43. The company’s stock had a trading volume of 2,257,378 shares, compared to its average volume of 2,358,153. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $38.22. The stock has a 50 day moving average of $30.79 and a 200 day moving average of $24.70. The company has a market capitalization of $7.77 billion, a PE ratio of 25.14 and a beta of 2.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.70.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Amkor Technology’s revenue for the quarter was up 6.7% on a year-over-year basis. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. Analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.0835 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. Amkor Technology’s payout ratio is currently 26.40%.

Institutional Trading of Amkor Technology

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in 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. SW Investment Management LLC lifted its position in shares of Amkor Technology by 89.3% in the first quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company’s stock valued at $47,859,000 after buying an additional 1,250,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after acquiring an additional 1,186,313 shares during the period. AQR Capital Management LLC increased its holdings in shares of Amkor Technology by 38.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after acquiring an additional 985,727 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Amkor Technology by 201.4% during the 1st quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company’s stock worth $24,647,000 after acquiring an additional 911,886 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMKR. Needham & Company LLC boosted their price objective on shares of Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. DA Davidson increased their price objective on Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Morgan Stanley restated an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.63.

Read Our Latest Report on Amkor Technology

About Amkor Technology

(Get Free Report)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

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