Amkor Technology Inc. (AMKR) Insider Stephen Douglas Kelley Sells 100,000 Shares
Amkor Technology Inc. (NASDAQ:AMKR) insider Stephen Douglas Kelley sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $11.30, for a total transaction of $1,130,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Stephen Douglas Kelley also recently made the following trade(s):
- On Monday, November 14th, Stephen Douglas Kelley sold 146,828 shares of Amkor Technology stock. The shares were sold at an average price of $11.45, for a total transaction of $1,681,180.60.
- 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 transaction of $2,134,000.00.
Amkor Technology Inc. (NASDAQ:AMKR) traded up 4.13% during trading on Thursday, reaching $11.86. 741,480 shares of the company were exchanged. The firm’s 50-day moving average is $10.04 and its 200 day moving average is $7.86. The company has a market capitalization of $2819.06 billion, a P/E ratio of 47.44 and a beta of 2.55. Amkor Technology Inc. has a one year low of $4.09 and a one year high of $11.88.
Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 31st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm earned $1.09 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, analysts anticipate that Amkor Technology Inc. will post $0.54 EPS for the current fiscal year.
Several equities analysts have recently commented on AMKR shares. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, October 11th. Credit Suisse Group AG restated a “neutral” rating on shares of Amkor Technology in a research report on Tuesday, August 16th. Deutsche Bank AG boosted their target price on shares of Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. boosted their target price on shares of Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned 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.
A number of institutional investors have recently modified their holdings of AMKR. Dimensional Fund Advisors LP raised 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 worth $54,384,000 after buying an additional 1,078,260 shares in the last quarter. SECOR Capital Advisors LP acquired a new position in shares of Amkor Technology during the second quarter worth $2,802,000. Top Ace Asset Management Ltd acquired a new position in shares of Amkor Technology during the second quarter worth $533,000. First Trust Advisors LP acquired a new position in shares of Amkor Technology during the second quarter worth $1,649,000. Finally, GSA Capital Partners LLP raised its position in shares of Amkor Technology by 5.1% in the second quarter. GSA Capital Partners LLP now owns 273,595 shares of the company’s stock worth $1,573,000 after buying an additional 13,300 shares in the last quarter. Hedge funds and other institutional investors own 32.35% of the company’s stock.
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.
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