Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the sale, the director directly owned 502,558 shares in the company, valued at $37,330,008.24. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Guillaume Marie Jean Rutten also recently made the following trade(s):
- On Tuesday, February 24th, Guillaume Marie Jean Rutten sold 20,000 shares of Amkor Technology stock. The shares were sold at an average price of $48.80, for a total value of $976,000.00.
Amkor Technology Stock Performance
AMKR opened at $73.45 on Wednesday. The firm has a market capitalization of $18.21 billion, a P/E ratio of 41.97 and a beta of 2.29. The stock’s 50 day moving average price is $56.18 and its two-hundred day moving average price is $47.45. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12-month low of $17.79 and a 12-month high of $79.23.
Amkor Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a $0.0835 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.
Analyst Upgrades and Downgrades
AMKR has been the topic of a number of research analyst reports. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, April 6th. UBS Group set a $43.00 target price on Amkor Technology in a report on Tuesday, February 10th. Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. B. Riley Financial lifted their price objective on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group lifted their price objective on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.75.
Read Our Latest Stock Report on AMKR
Institutional Trading of Amkor Technology
Several institutional investors have recently modified their holdings of AMKR. Royal Bank of Canada grew its holdings in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Amkor Technology by 913.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Amkor Technology by 73.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after buying an additional 222,107 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Amkor Technology in the 1st quarter valued at $271,000. Institutional investors and hedge funds 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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