Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) CFO Megan Faust sold 1,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.60, for a total transaction of $64,600.00. Following the sale, the chief financial officer owned 133,138 shares in the company, valued at $8,600,714.80. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amkor Technology Price Performance
Amkor Technology stock traded up $2.95 during trading hours on Wednesday, reaching $68.49. 3,033,280 shares of the stock were exchanged, compared to its average volume of 4,515,900. The company has a market cap of $16.98 billion, a P/E ratio of 39.14 and a beta of 2.29. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a twelve month low of $17.79 and a twelve month high of $79.23. The stock has a 50 day moving average of $58.66 and a two-hundred day moving average of $48.76.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The firm 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%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Equities analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.
Amkor Technology Announces Dividend
Institutional Investors Weigh In On Amkor Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after buying an additional 135 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Amkor Technology by 2.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after buying an additional 202 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Amkor Technology by 0.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after buying an additional 218 shares during the period. Evolve Private Wealth LLC boosted its position in Amkor Technology by 3.0% during the 1st quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock worth $343,000 after buying an additional 222 shares during the period. Finally, Strs Ohio boosted its position in Amkor Technology by 8.6% during the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock worth $134,000 after buying an additional 235 shares during the period. 42.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. B. Riley Financial lifted their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. UBS Group set a $43.00 price target on shares of Amkor Technology in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group lifted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.75.
View Our Latest Research Report on AMKR
Amkor Technology Company Profile
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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