Amkor Technology, Inc. (NASDAQ:AMKR) EVP Sells $156,500.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the sale, the executive vice president now owns 25,280 shares of the company’s stock, valued at approximately $791,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amkor Technology Stock Performance

Shares of AMKR opened at $32.34 on Monday. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The stock has a market cap of $7.96 billion, a P/E ratio of 21.28 and a beta of 1.94. The company has a current ratio of 2.34, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $31.71 and a two-hundred day moving average of $29.98.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. As a group, research analysts predict that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s payout ratio is currently 20.39%.

Institutional Trading of Amkor Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its holdings in Amkor Technology by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock valued at $631,000 after purchasing an additional 1,600 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Amkor Technology during the fourth quarter valued at approximately $4,694,000. Trexquant Investment LP acquired a new stake in Amkor Technology during the third quarter worth approximately $1,142,000. Invesco Ltd. grew its stake in Amkor Technology by 12.3% in the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after acquiring an additional 144,280 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in Amkor Technology by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock valued at $817,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMKR. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Amkor Technology in a research note on Tuesday, April 30th. B. Riley reaffirmed a “buy” rating and set a $45.00 price target (up from $43.00) on shares of Amkor Technology in a research note on Tuesday, April 30th. The Goldman Sachs Group raised their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. DA Davidson upped their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Fox Advisors initiated coverage on shares of Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

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.