Amkor Technology Inc. (AMKR) Director John Osborne Sells 6,994 Shares
Amkor Technology Inc. (NASDAQ:AMKR) Director John Osborne sold 6,994 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $12.27, for a total transaction of $85,816.38. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $245,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) traded up 1.033% on Wednesday, reaching $12.225. 313,840 shares of the company’s stock traded hands. Amkor Technology Inc. has a 12-month low of $4.09 and a 12-month high of $12.48. The stock has a 50-day moving average of $10.31 and a 200 day moving average of $8.06. The firm has a market cap of $2.91 billion, a P/E ratio of 49.096 and a beta of 2.55.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Amkor Technology had a net margin of 1.55% and a return on equity of 5.43%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, equities research analysts expect that Amkor Technology Inc. will post $0.54 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of AMKR. Hanson & Doremus Investment Management raised its position in 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 period. 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 worth $1,217,000 after buying an additional 1,650 shares during the period. 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 worth $5,864,000 after buying an additional 1,721 shares during the period. 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 worth $2,060,000 after buying an additional 2,000 shares during the period. 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 worth $140,000 after buying an additional 2,249 shares during the period. 33.59% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of 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. Citigroup Inc. upped their price objective on shares of Amkor Technology from $5.00 to $6.20 and gave the stock a “sell” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a “neutral” rating on shares of Amkor Technology in a report on Tuesday, August 16th. Finally, Deutsche Bank AG upped their price objective on shares of Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.18.
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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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