Amkor Technology (NASDAQ:AMKR) CFO Megan Faust Sells 1,000 Shares

Amkor Technology, Inc. (NASDAQ:AMKR) CFO Megan Faust sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $70.30, for a total transaction of $70,300.00. Following the completion of the transaction, the chief financial officer owned 132,138 shares in the company, valued at $9,289,301.40. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Megan Faust also recently made the following trade(s):

• On Tuesday, May 19th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $64.60, for a total transaction of $64,600.00.

Amkor Technology Trading Up 9.4%

Shares of AMKR stock traded up $6.54 during trading hours on Thursday, reaching $76.15. 5,261,750 shares of the stock were exchanged, compared to its average volume of 4,680,081. Amkor Technology, Inc. has a 12-month low of $19.79 and a 12-month high of $79.50. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $66.62 and its 200-day moving average price is $52.89. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 43.51 and a beta of 2.25.

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

Amkor Technology Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. B. Riley Financial increased their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 6th. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus price target of $67.38.

Institutional Investors Weigh In On Amkor Technology

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in Amkor Technology by 23.7% during the first quarter. Parallel Advisors LLC now owns 7,348 shares of the semiconductor company’s stock worth $331,000 after purchasing an additional 1,410 shares during the last quarter. Wellington Grp LLC bought a new position in Amkor Technology during the first quarter worth $1,824,000. Bull Harbor Capital LLC bought a new position in Amkor Technology during the first quarter worth $603,000. Amundi lifted its stake in Amkor Technology by 3,546.6% during the first quarter. Amundi now owns 263,868 shares of the semiconductor company’s stock worth $11,882,000 after purchasing an additional 256,632 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Amkor Technology by 28.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,311 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 943 shares during the last quarter. Institutional investors and hedge funds 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.