Mark Rogers Sells 5,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark Rogers sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Price Performance

Shares of AMKR opened at $90.46 on Friday. Amkor Technology, Inc. has a 12-month low of $19.79 and a 12-month high of $96.68. The business has a 50-day simple moving average of $71.94 and a two-hundred day simple moving average of $55.27. 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 stock has a market cap of $22.42 billion, a PE ratio of 51.69 and a beta of 2.25.

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

Amkor Technology Dividend Announcement

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

Institutional Trading of Amkor Technology

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Amkor Technology by 4.6% during the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock worth $448,148,000 after buying an additional 687,900 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after acquiring an additional 653,489 shares in the last quarter. American Century Companies Inc. increased its position in shares of Amkor Technology by 0.5% during the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after acquiring an additional 17,656 shares in the last quarter. State Street Corp raised its holdings in shares of Amkor Technology by 1.4% in the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock worth $137,151,000 after acquiring an additional 47,514 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Amkor Technology by 37.4% in the 4th quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after acquiring an additional 740,701 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of recent research reports. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, April 6th. B. Riley Financial raised their target price on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Morgan Stanley upped their price target 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. Finally, UBS Group reissued a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research note on Tuesday, May 26th. Four equities 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, the company currently has an average rating of “Hold” and an average 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.