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 transaction, the chief financial officer directly owned 132,138 shares in the company, valued at approximately $9,289,301.40. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Stock Performance

NASDAQ:AMKR opened at $76.15 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $18.88 billion, a P/E ratio of 43.51 and a beta of 2.25. Amkor Technology, Inc. has a fifty-two week low of $19.79 and a fifty-two week high of $79.50. The firm’s 50 day moving average is $67.24 and its two-hundred day moving average is $53.20.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. Amkor Technology’s revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts expect that Amkor Technology, Inc. will post 2.08 EPS 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 $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Institutional Inflows and Outflows

A number of hedge funds and other 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 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 135 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 202 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after purchasing an additional 218 shares during the last quarter. Evolve Private Wealth LLC lifted its stake in Amkor Technology by 3.0% during the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 222 shares during the last quarter. Finally, Strs Ohio lifted its stake in 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 purchasing an additional 235 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMKR has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley raised their price objective on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.38.

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.