Amkor Technology, Inc. (NASDAQ:AMKR) EVP Sells $119,056.41 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amkor Technology Trading Up 1.9 %

AMKR stock traded up $0.42 during trading on Wednesday, hitting $22.14. The company had a trading volume of 1,845,534 shares, compared to its average volume of 1,629,625. The firm has a market capitalization of $5.46 billion, a P/E ratio of 15.48 and a beta of 1.81. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 52-week low of $21.46 and a 52-week high of $44.86. The company has a 50 day simple moving average of $24.80 and a 200-day simple moving average of $27.61.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio is 23.08%.

Analysts Set New Price Targets

AMKR has been the topic of several recent research reports. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Finally, DA Davidson dropped their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus target price of $31.50.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Highland Capital Management LLC raised its holdings in shares of Amkor Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 482 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Amkor Technology by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock valued at $2,313,000 after purchasing an additional 484 shares during the period. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares in the last quarter. Robotti Robert raised its stake in Amkor Technology by 0.3% in the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company’s stock worth $5,545,000 after buying an additional 705 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 782 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

About Amkor Technology

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.