Amkor Technology (NASDAQ:AMKR) CFO Megan Faust Sells 1,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) CFO Megan Faust sold 1,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $64.60, for a total value of $64,600.00. Following the sale, the chief financial officer owned 133,138 shares in the company, valued at $8,600,714.80. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Price Performance

Shares of AMKR stock opened at $68.49 on Thursday. The stock’s fifty day moving average is $59.17 and its 200-day moving average is $49.01. 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 market capitalization of $16.98 billion, a PE ratio of 39.14 and a beta of 2.29. Amkor Technology, Inc. has a 52 week low of $17.79 and a 52 week high of $79.23.

Amkor Technology (NASDAQ:AMKRGet Free Report) 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. The company had revenue of $1.68 billion for 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 business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Equities research analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

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. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is presently 18.86%.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Amkor Technology by 4.6% during the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock worth $448,148,000 after buying an additional 687,900 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after buying an additional 653,489 shares during the last quarter. American Century Companies Inc. boosted its holdings in Amkor Technology by 0.5% during the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after buying an additional 17,656 shares during the last quarter. State Street Corp boosted its holdings in Amkor Technology by 1.4% during the fourth 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 during the last quarter. Finally, First Trust Advisors LP boosted its holdings in 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 worth $107,477,000 after buying an additional 740,701 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMKR. Morgan Stanley raised their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. UBS Group set a $43.00 price target on Amkor Technology in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group raised their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.75.

Check Out Our Latest Research Report on Amkor Technology

About Amkor Technology

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

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