Amkor Technology (NASDAQ:AMKR) Director Sells $391,000.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Winston Churchill sold 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total value of $391,000.00. Following the sale, the director owned 28,781 shares of the company’s stock, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $1.18 during trading hours on Tuesday, reaching $86.62. 14,796,702 shares of the stock traded hands, compared to its average volume of 4,804,493. The company has a 50 day moving average price of $68.74 and a 200 day moving average price of $53.92. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 49.50 and a beta of 2.25. Amkor Technology, Inc. has a one year low of $19.79 and a one year high of $96.68. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue was up 27.5% on a year-over-year basis. On average, equities research analysts expect that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is presently 18.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMKR. UBS Group restated a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a research note on Tuesday, May 26th. Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, April 6th. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Morgan Stanley raised their price objective on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and a consensus target price of $67.38.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares during the last quarter. Bessemer Group Inc. increased its position in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after buying an additional 391 shares during the period. Root Financial Partners LLC lifted its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Amkor Technology in the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.