Insider Selling: Amkor Technology, Inc. (NASDAQ:AMKR) CFO Sells 2,700 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $26.19, for a total value of $70,713.00. Following the sale, the chief financial officer now owns 35,394 shares of the company’s stock, valued at approximately $926,968.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 20th, Megan Faust sold 2,700 shares of Amkor Technology stock. The shares were sold at an average price of $22.52, for a total value of $60,804.00.
• On Friday, September 15th, Megan Faust sold 2,700 shares of Amkor Technology stock. The shares were sold at an average price of $22.68, for a total value of $61,236.00.

Amkor Technology Stock Up 2.2 %

Shares of NASDAQ AMKR traded up $0.59 during mid-day trading on Monday, reaching $27.08. The company had a trading volume of 865,430 shares, compared to its average volume of 1,037,591. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $31.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.65 and a current ratio of 1.95. The stock has a market capitalization of $6.66 billion, a PE ratio of 16.05 and a beta of 1.85. The stock’s 50 day moving average is $22.79 and its 200-day moving average is $25.11.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $1.24 earnings per share. Amkor Technology’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.39 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.17%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, December 4th. Amkor Technology’s dividend payout ratio is presently 18.18%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Amkor Technology in a report on Thursday. They issued a “buy” rating and a $31.00 target price for the company. Morgan Stanley assumed coverage on Amkor Technology in a report on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 target price for the company. B. Riley assumed coverage on Amkor Technology in a report on Thursday. They issued a “buy” rating and a $35.00 target price for the company. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, DA Davidson increased their target price on Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds have recently bought and sold shares of AMKR. Nisa Investment Advisors LLC increased its position in Amkor Technology by 350.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,020 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Amkor Technology during the first quarter worth $38,000. Chilton Capital Management LLC acquired a new position in Amkor Technology during the first quarter worth $52,000. Advisors Asset Management Inc. increased its position in Amkor Technology by 57.3% during the first quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock worth $64,000 after buying an additional 1,069 shares during the last quarter. Finally, CWM LLC grew its position in shares of Amkor Technology by 81.1% in the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 1,640 shares during the last quarter. 38.69% of the stock is owned by institutional investors and hedge funds.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.