Guillaume Marie Jean Rutten Sells 25,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total value of $779,250.00. Following the completion of the sale, the chief executive officer now owns 114,476 shares of the company’s stock, valued at approximately $3,568,216.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guillaume Marie Jean Rutten also recently made the following trade(s):

• On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00.
• On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $28.50 on Friday. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $37.00. The company has a 50-day moving average price of $31.64 and a 200 day moving average price of $29.38. The company has a market cap of $7.01 billion, a P/E ratio of 19.52 and a beta of 1.96. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the firm earned $0.67 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Research analysts predict that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Amkor Technology’s payout ratio is currently 21.23%.

Hedge Funds Weigh In On Amkor Technology

A number of large investors have recently made changes to their positions in AMKR. Alliancebernstein L.P. boosted its holdings in Amkor Technology by 1,757.9% during the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock worth $124,424,000 after buying an additional 3,957,221 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Amkor Technology by 192.4% during the 1st quarter. First Trust Advisors LP now owns 2,129,215 shares of the semiconductor company’s stock valued at $55,402,000 after acquiring an additional 1,401,109 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amkor Technology by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after acquiring an additional 1,300,745 shares in the last quarter. Norges Bank acquired a new stake in shares of Amkor Technology in the 4th quarter worth approximately $39,224,000. Finally, Ameriprise Financial Inc. increased its stake in Amkor Technology by 309.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,478,046 shares of the semiconductor company’s stock valued at $33,404,000 after purchasing an additional 1,116,729 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 target price for the company. Needham & Company LLC began coverage on Amkor Technology in a research report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Fox Advisors started coverage on Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.