Amkor Technology, Inc. (NASDAQ:AMKR) CEO Sells $780,750.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $31.23, for a total transaction of $780,750.00. Following the completion of the transaction, the chief executive officer now directly owns 124,476 shares in the company, valued at $3,887,385.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Guillaume Marie Jean Rutten also recently made the following trade(s):

  • On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00.

Amkor Technology Price Performance

Shares of AMKR opened at $31.61 on Thursday. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $37.00. The stock has a market cap of $7.77 billion, a PE ratio of 21.65 and a beta of 1.96. The firm has a 50-day simple moving average of $31.75 and a two-hundred day simple moving average of $28.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

Amkor Technology (NASDAQ:AMKRGet Free Report) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th will be given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 21.23%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMKR shares. B. Riley lifted their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They set a “neutral” rating and a $32.00 target price on the stock. Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an “equal weight” rating on the stock. Finally, StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

View Our Latest Stock Report on AMKR

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMKR. Allworth Financial LP grew its holdings in shares of Amkor Technology by 1,324.6% in the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 755 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of Amkor Technology in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp grew its holdings in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 806 shares in the last quarter. Finally, West Tower Group LLC acquired a new position in shares of Amkor Technology in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 38.69% of the company’s stock.

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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