Amkor Technology Inc. (NASDAQ:AMKR) EVP John Charles Stone sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $11.01, for a total value of $330,300.00. Following the completion of the sale, the executive vice president now owns 59,722 shares of the company’s stock, valued at $657,539.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

John Charles Stone also recently made the following trade(s):

  • On Wednesday, September 7th, John Charles Stone sold 6,600 shares of Amkor Technology stock. The shares were sold at an average price of $9.25, for a total value of $61,050.00.
  • On Friday, September 2nd, John Charles Stone sold 3,400 shares of Amkor Technology stock. The shares were sold at an average price of $9.25, for a total value of $31,450.00.

Amkor Technology Inc. (NASDAQ:AMKR) opened at 11.50 on Monday. The firm’s 50-day moving average price is $9.86 and its 200-day moving average price is $7.73. Amkor Technology Inc. has a 1-year low of $4.09 and a 1-year high of $11.51. The firm has a market cap of $2.73 billion, a P/E ratio of 46.18 and a beta of 2.55.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm earned $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Amkor Technology had a net margin of 1.55% and a return on equity of 5.43%. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Equities research analysts anticipate that Amkor Technology Inc. will post $0.54 earnings per share for the current fiscal year.

AMKR has been the subject of several research reports. Zacks Investment Research downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Deutsche Bank AG raised their target price on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Citigroup Inc. lifted their price target on Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of Amkor Technology in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.18.

Several institutional investors have recently modified their holdings of AMKR. Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,458,265 shares of the company’s stock valued at $54,384,000 after buying an additional 1,078,260 shares during the period. Vanguard Group Inc. increased its position in shares of Amkor Technology by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,632,447 shares of the company’s stock valued at $38,136,000 after buying an additional 132,777 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Amkor Technology by 37.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,366,842 shares of the company’s stock valued at $32,726,000 after buying an additional 911,863 shares during the period. Northern Trust Corp increased its position in shares of Amkor Technology by 2.3% in the third quarter. Northern Trust Corp now owns 3,341,797 shares of the company’s stock valued at $32,483,000 after buying an additional 74,786 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Amkor Technology by 73.7% in the first quarter. Renaissance Technologies LLC now owns 2,714,500 shares of the company’s stock valued at $15,988,000 after buying an additional 1,151,600 shares during the period. 32.35% of the stock is owned by hedge funds and other institutional investors.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance.

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