Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) CFO Megan Faust sold 6,000 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now directly owns 8,512 shares in the company, valued at $249,231.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Megan Faust also recently made the following trade(s):
- On Thursday, December 15th, Megan Faust sold 6,000 shares of Amkor Technology stock. The stock was sold at an average price of $25.77, for a total transaction of $154,620.00.
- On Friday, November 18th, Megan Faust sold 30,000 shares of Amkor Technology stock. The stock was sold at an average price of $28.95, for a total transaction of $868,500.00.
Amkor Technology Stock Performance
Shares of Amkor Technology stock opened at $29.03 on Monday. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 8.74 and a beta of 1.67. The firm’s 50-day moving average is $26.98 and its 200 day moving average is $22.14. Amkor Technology, Inc. has a 1 year low of $14.89 and a 1 year high of $31.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 1.42.
Amkor Technology Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Tuesday, December 6th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, December 5th. This represents a $0.30 annualized dividend and a yield of 1.03%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.05. Amkor Technology’s dividend payout ratio is currently 9.04%.
Analysts Set New Price Targets
AMKR has been the topic of a number of recent research reports. DA Davidson reduced 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 on the stock.
Hedge Funds Weigh In On Amkor Technology
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its stake in Amkor Technology by 0.8% during the 4th quarter. SummerHaven Investment Management LLC now owns 47,158 shares of the semiconductor company’s stock valued at $1,131,000 after acquiring an additional 397 shares during the period. Hanson & Doremus Investment Management lifted its stake in Amkor Technology by 5.1% during the 4th quarter. Hanson & Doremus Investment Management now owns 40,881 shares of the semiconductor company’s stock valued at $980,000 after acquiring an additional 1,966 shares during the period. Exchange Traded Concepts LLC bought a new position in Amkor Technology during the 4th quarter valued at about $27,000. Ronald Blue Trust Inc. lifted its stake in Amkor Technology by 64.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 6,069 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 2,378 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Amkor Technology by 5.4% during the 4th quarter. Yousif Capital Management LLC now owns 54,263 shares of the semiconductor company’s stock valued at $1,301,000 after acquiring an additional 2,786 shares during the period. Institutional investors own 38.07% of the company’s stock.
About Amkor Technology
Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.
- Get a free copy of the StockNews.com research report on Amkor Technology (AMKR)
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