Amkor Technology Inc. (NASDAQ:AMKR) insider Stephen Douglas Kelley sold 85,214 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $12.22, for a total transaction of $1,041,315.08. Following the transaction, the insider now owns 93,750 shares of the company’s stock, valued at approximately $1,145,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, November 17th, Stephen Douglas Kelley sold 9,843 shares of Amkor Technology stock. The shares were sold at an average price of $11.82, for a total transaction of $116,344.26.
  • On Tuesday, November 15th, Stephen Douglas Kelley sold 100,000 shares of Amkor Technology stock. The shares were sold at an average price of $11.30, for a total transaction of $1,130,000.00.
  • 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.

Shares of Amkor Technology Inc. (NASDAQ:AMKR) opened at 12.23 on Friday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 49.12 and a beta of 2.55. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $8.09. Amkor Technology Inc. has a 12 month low of $4.09 and a 12 month high of $12.48.

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 analysts’ consensus estimates of $0.21 by $0.04. The business 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 firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, analysts forecast that Amkor Technology Inc. will post $0.54 EPS for the current year.

Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. BNP Paribas Arbitrage SA raised its position in Amkor Technology by 46.2% in the third quarter. BNP Paribas Arbitrage SA now owns 13,193 shares of the company’s stock valued at $128,000 after buying an additional 4,172 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Amkor Technology during the second quarter valued at about $137,000. 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 during the last quarter. Principal Financial Group Inc. raised its position in Amkor Technology by 31.0% in the second quarter. Principal Financial Group Inc. now owns 25,064 shares of the company’s stock valued at $144,000 after buying an additional 5,925 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Amkor Technology during the second quarter valued at about $144,000. Hedge funds and other institutional investors own 33.59% of the company’s stock.

AMKR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Deutsche Bank AG upped their price target on shares of 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 reiterated a “neutral” rating on shares of Amkor Technology in a report on Tuesday, August 16th. Finally, Citigroup Inc. upped their price target on shares of Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Amkor Technology currently has a consensus rating of “Hold” and an average 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.

5 Day Chart for NASDAQ:AMKR

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