Amkor Technology, Inc. (NASDAQ:AMKR) Director Roger Anthony Carolin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.05, for a total transaction of $120,500.00. Following the sale, the director now directly owns 39,476 shares in the company, valued at approximately $475,685.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Amkor Technology, Inc. (NASDAQ:AMKR) traded down 1.48% during mid-day trading on Tuesday, hitting $10.64. 301,191 shares of the company were exchanged. The stock’s 50 day moving average is $11.45 and its 200-day moving average is $10.88. Amkor Technology, Inc. has a 12-month low of $5.33 and a 12-month high of $12.48. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 16.32 and a beta of 2.46.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.01. Amkor Technology had a net margin of 3.94% and a return on equity of 11.44%. The business had revenue of $914 million during the quarter, compared to the consensus estimate of $902.06 million. The business’s revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Amkor Technology, Inc. will post $0.80 EPS for the current year.
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A number of equities analysts have recently weighed in on AMKR shares. TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a research report on Tuesday, April 4th. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, May 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $12.00 price objective (up from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Amkor Technology currently has a consensus rating of “Hold” and a consensus price target of $10.73.
A number of large investors have recently bought and sold shares of AMKR. Ameritas Investment Partners Inc. purchased a new position in shares of Amkor Technology during the first quarter worth approximately $100,000. UBS Group AG raised its position in shares of Amkor Technology by 25.2% in the first quarter. UBS Group AG now owns 10,760 shares of the semiconductor company’s stock worth $124,000 after buying an additional 2,164 shares in the last quarter. ARP Americas LLC bought a new stake in Amkor Technology during the fourth quarter valued at about $135,000. James Investment Research Inc. bought a new stake in Amkor Technology during the first quarter valued at about $167,000. Finally, Pacad Investment Ltd. raised its stake in Amkor Technology by 189.7% in the fourth quarter. Pacad Investment Ltd. now owns 21,725 shares of the semiconductor company’s stock valued at $229,000 after buying an additional 14,225 shares during the period. Institutional investors and hedge funds own 38.82% of the company’s stock.
About Amkor Technology
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.
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