Amkor Technology (NASDAQ:AMKR) CEO Kevin Engel Sells 1,000 Shares of Company Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Kevin Engel sold 1,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $35.00, for a total value of $35,000.00. Following the completion of the transaction, the chief executive officer owned 8,666 shares of the company’s stock, valued at approximately $303,310. This trade represents a 10.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $34.47 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.54 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.44 and a beta of 2.39. The business has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $56.52. Amkor Technology, Inc. has a 12 month low of $29.76 and a 12 month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 26th. The semiconductor company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.04 billion. Amkor Technology had a net margin of 8.30% and a return on equity of 13.32%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. On average, equities analysts forecast that Amkor Technology, Inc. will post 2.50 earnings per share for the current fiscal year.

Institutional Trading of Amkor Technology

Several institutional investors have recently bought and sold shares of AMKR. Bessemer Group Inc. lifted its stake in shares of Amkor Technology by 12.5% in the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after buying an additional 135 shares in the last quarter. Arista Wealth Management LLC grew its holdings in shares of Amkor Technology by 1.2% during the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after buying an additional 157 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Strs Ohio increased its position in shares of Amkor Technology by 8.6% during the first quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock valued at $134,000 after acquiring an additional 235 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Amkor Technology by 0.7% during the second quarter. Arizona State Retirement System now owns 34,189 shares of the semiconductor company’s stock valued at $2,948,000 after acquiring an additional 240 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMKR shares. Weiss Ratings cut shares of Amkor Technology from a “hold (c+)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. The Goldman Sachs Group set a $56.00 target price on shares of Amkor Technology in a report on Tuesday, October 27th. Bank of America initiated coverage on Amkor Technology in a research report on Thursday, August 27th. They issued a “buy” rating and a $70.00 price target on the stock. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Needham & Company LLC reduced their price objective on Amkor Technology from $90.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.12.

Amkor Technology Company Profile

Amkor Technology is a provider of outsourced semiconductor packaging and test services. It works with semiconductor companies to assemble and test integrated circuits before they are incorporated into electronic products. Its services include advanced packaging, wafer bumping, flip-chip packaging, wafer-level packaging, system-in-package solutions, and semiconductor testing. These technologies support applications in markets such as communications, automotive, computing, and consumer electronics.