Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Winston Churchill sold 5,000 shares of Amkor Technology stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the sale, the director owned 28,781 shares in the company, valued at $2,250,674.20. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Amkor Technology Stock Down 0.1%
AMKR opened at $86.43 on Thursday. The stock has a market capitalization of $21.42 billion, a P/E ratio of 49.39 and a beta of 2.25. Amkor Technology, Inc. has a one year low of $19.79 and a one year high of $96.68. The business’s 50-day simple moving average is $70.32 and its 200-day simple moving average is $54.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current year.
Amkor Technology Announces Dividend
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AMKR. Needham & Company LLC boosted their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. B. Riley Financial boosted their price target on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.38.
View Our Latest Stock Report on Amkor Technology
Institutional Investors Weigh In On Amkor Technology
A number of institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Amkor Technology by 23.7% in the 1st quarter. Parallel Advisors LLC now owns 7,348 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 1,410 shares in the last quarter. Wellington Grp LLC purchased a new stake in shares of Amkor Technology during the 1st quarter worth approximately $1,824,000. Bull Harbor Capital LLC purchased a new stake in shares of Amkor Technology during the 1st quarter worth approximately $603,000. Amundi boosted its stake in shares of Amkor Technology by 3,546.6% during the 1st quarter. Amundi now owns 263,868 shares of the semiconductor company’s stock worth $11,882,000 after acquiring an additional 256,632 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Amkor Technology by 28.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,311 shares of the semiconductor company’s stock worth $194,000 after acquiring an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.
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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