Megan Faust Sells 30,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) CFO Megan Faust sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $28.95, for a total transaction of $868,500.00. Following the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $246,422.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Megan Faust also recently made the following trade(s):

  • On Friday, October 21st, Megan Faust sold 6,000 shares of Amkor Technology stock. The shares were sold at an average price of $19.07, for a total transaction of $114,420.00.
  • On Thursday, October 6th, Megan Faust sold 6,000 shares of Amkor Technology stock. The stock was sold at an average price of $19.07, for a total transaction of $114,420.00.

Amkor Technology Trading Down 1.5 %

NASDAQ:AMKR opened at $28.36 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12 month low of $14.89 and a 12 month high of $29.10. The company has a market cap of $6.95 billion, a PE ratio of 8.54 and a beta of 1.56. The company has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $19.47.

Amkor Technology (NASDAQ:AMKRGet Rating) last issued its quarterly earnings results on Monday, October 31st. The semiconductor company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.31. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. Research analysts forecast that Amkor Technology, Inc. will post 3.14 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Tuesday, December 6th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, December 5th. This is a boost from Amkor Technology’s previous quarterly dividend of $0.05. Amkor Technology’s dividend payout ratio (DPR) is currently 6.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its stake in shares of Amkor Technology by 9.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,974 shares of the semiconductor company’s stock worth $151,000 after acquiring an additional 591 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of Amkor Technology by 1.1% during the 3rd quarter. Martingale Asset Management L P now owns 54,748 shares of the semiconductor company’s stock valued at $934,000 after buying an additional 603 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Amkor Technology by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,204 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 620 shares in the last quarter. CWM LLC lifted its stake in shares of Amkor Technology by 39.6% during the 3rd quarter. CWM LLC now owns 2,201 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 624 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Amkor Technology by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 132,207 shares of the semiconductor company’s stock valued at $2,241,000 after buying an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Analyst Ratings Changes

AMKR has been the subject of a number of research analyst reports. DA Davidson cut their target price on shares of Amkor Technology to $30.00 in a research report on Friday, November 4th. StockNews.com initiated coverage on shares of Amkor Technology in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

About Amkor Technology

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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

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