Amkor Technology Inc. (NASDAQ:AMKR) insider Stephen Douglas Kelley sold 146,828 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $11.45, for a total value of $1,681,180.60. Following the completion of the transaction, the insider now directly owns 431,108 shares of the company’s stock, valued at approximately $4,936,186.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Stephen Douglas Kelley also recently made the following trade(s):

  • On Monday, November 7th, Stephen Douglas Kelley sold 200,000 shares of Amkor Technology stock. The shares were sold at an average price of $10.67, for a total value of $2,134,000.00.

Amkor Technology Inc. (NASDAQ:AMKR) opened at 11.31 on Wednesday. The stock has a 50 day moving average price of $9.98 and a 200-day moving average price of $7.84. The firm has a market capitalization of $2.69 billion, a PE ratio of 45.42 and a beta of 2.55. Amkor Technology Inc. has a one year low of $4.09 and a one year high of $11.72.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Amkor Technology had a return on equity of 5.43% and a net margin of 1.55%. The business earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.12 earnings per share. Amkor Technology’s quarterly revenue was up 48.0% on a year-over-year basis. On average, equities analysts forecast that Amkor Technology Inc. will post $0.54 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Credit Suisse AG boosted its position in Amkor Technology by 101.5% in the third quarter. Credit Suisse AG now owns 214,207 shares of the company’s stock worth $2,083,000 after buying an additional 107,893 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Amkor Technology by 67.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,965 shares of the company’s stock worth $7,552,000 after buying an additional 313,815 shares during the last quarter. Highbridge Capital Management LLC boosted its position in Amkor Technology by 509.8% in the third quarter. Highbridge Capital Management LLC now owns 553,797 shares of the company’s stock worth $5,383,000 after buying an additional 462,982 shares during the last quarter. Westover Capital Advisors LLC acquired a new position in Amkor Technology during the third quarter worth approximately $180,000. Finally, RBF Capital LLC acquired a new position in Amkor Technology during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 32.35% of the company’s stock.

Several equities analysts have commented on AMKR shares. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, October 11th. Deutsche Bank AG upped their price target on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Amkor Technology in a report on Tuesday, August 16th. Finally, Citigroup Inc. upped their price target on Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.18.

Amkor Technology Company Profile

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.

5 Day Chart for NASDAQ:AMKR

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