Amkor Technology Inc. (AMKR) Director James W. Zug Sells 10,000 Shares
Amkor Technology Inc. (NASDAQ:AMKR) Director James W. Zug sold 10,000 shares of Amkor Technology stock in a transaction on Friday, November 18th. The shares were sold at an average price of $12.07, for a total transaction of $120,700.00. Following the completion of the sale, the director now directly owns 55,828 shares of the company’s stock, valued at approximately $673,843.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) traded up 0.32% during midday trading on Tuesday, reaching $12.36. The company had a trading volume of 180,190 shares. Amkor Technology Inc. has a 1-year low of $4.09 and a 1-year high of $12.48. The stock has a market capitalization of $2.94 billion, a PE ratio of 49.64 and a beta of 2.55. The company’s 50-day moving average is $10.24 and its 200-day moving average is $8.02.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Amkor Technology had a return on equity of 5.43% and a net margin of 1.55%. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, equities research analysts forecast that Amkor Technology Inc. will post $0.54 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its position in shares of Amkor Technology by 0.3% in the second quarter. Hanson & Doremus Investment Management now owns 180,123 shares of the company’s stock worth $1,036,000 after buying an additional 525 shares during the last quarter. Rhumbline Advisers raised its position in Amkor Technology by 1.3% in the third quarter. Rhumbline Advisers now owns 125,189 shares of the company’s stock valued at $1,217,000 after buying an additional 1,650 shares in the last quarter. Nationwide Fund Advisors raised its position in Amkor Technology by 0.3% in the third quarter. Nationwide Fund Advisors now owns 603,324 shares of the company’s stock valued at $5,864,000 after buying an additional 1,721 shares in the last quarter. California State Teachers Retirement System raised its position in Amkor Technology by 1.0% in the third quarter. California State Teachers Retirement System now owns 211,977 shares of the company’s stock valued at $2,060,000 after buying an additional 2,000 shares in the last quarter. Finally, Aperio Group LLC raised its position in Amkor Technology by 18.5% in the third quarter. Aperio Group LLC now owns 14,436 shares of the company’s stock valued at $140,000 after buying an additional 2,249 shares in the last quarter. 33.59% of the stock is owned by institutional investors.
Several equities analysts have weighed in on AMKR shares. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, October 11th. Credit Suisse Group AG restated a “neutral” rating on shares of Amkor Technology in a research note on Tuesday, August 16th. Deutsche Bank AG raised their price objective on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Finally, Citigroup Inc. lifted their target price on Amkor Technology from $5.00 to $6.20 and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. One equities 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 given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average 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.
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