Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Guillaume Marie Jean Rutten sold 20,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total transaction of $976,000.00. Following the sale, the director directly owned 543,866 shares in the company, valued at $26,540,660.80. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Guillaume Marie Jean Rutten also recently made the following trade(s):
- On Thursday, January 15th, Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock. The shares were sold at an average price of $53.14, for a total value of $531,400.00.
Amkor Technology Trading Down 4.8%
NASDAQ AMKR opened at $48.49 on Friday. The stock has a market capitalization of $11.99 billion, a P/E ratio of 32.11 and a beta of 2.00. The business has a 50 day simple moving average of $47.60 and a 200 day simple moving average of $36.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.27 and a quick ratio of 2.01. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $57.09.
Amkor Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.0835 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio is currently 21.85%.
Analysts Set New Price Targets
Several brokerages have issued reports on AMKR. B. Riley Financial increased their price target on Amkor Technology from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Morgan Stanley upped their target price on Amkor Technology from $28.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Amkor Technology from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, UBS Group set a $43.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.86.
Get Our Latest Research Report on Amkor Technology
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Amkor Technology in the third quarter valued at $25,000. Bessemer Group Inc. grew its stake in Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 391 shares in the last quarter. Root Financial Partners LLC grew its holdings in Amkor Technology by 38.8% during the 4th 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 in the last quarter. Finally, IFP Advisors Inc grew its stake in Amkor Technology by 91.2% during 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 in the last quarter. Institutional investors own 42.76% of the company’s stock.
About Amkor Technology
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.
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