Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten Sells 25,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00. Following the completion of the transaction, the chief executive officer now owns 114,476 shares in the company, valued at $3,568,216.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00.
• On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $28.97 on Friday. The stock’s 50-day moving average price is $31.70 and its 200 day moving average price is $29.29. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.12 billion, a PE ratio of 19.84 and a beta of 1.96. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $37.00.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is presently 21.23%.

Analyst Upgrades and Downgrades

AMKR has been the topic of several research reports. Fox Advisors assumed coverage on Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Needham & Company LLC started coverage on Amkor Technology in a research note on Tuesday, April 9th. They set a “buy” rating and a $40.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Amkor Technology in a research note on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Amkor Technology by 1,324.6% in the 4th 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 purchased a new stake in shares of Amkor Technology in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp grew its holdings in Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 347 shares during the period. Parkside Financial Bank & Trust raised its position in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 806 shares in the last quarter. Finally, West Tower Group LLC acquired a new stake in Amkor Technology in the fourth quarter valued at $31,000. 42.76% of the stock is currently 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 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.