Amkor Technology (NASDAQ:AMKR) Stock: Insider Megan Faust Sells 1,000 Shares

Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $46.92, for a total transaction of $46,920.00. Following the completion of the transaction, the chief financial officer directly owned 133,105 shares of the company’s stock, valued at $6,245,286.60. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Megan Faust also recently made the following trade(s):

  • On Tuesday, September 8th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $49.05, for a total transaction of $49,050.00.
  • On Tuesday, August 11th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $54.45, for a total transaction of $54,450.00.

Amkor Technology Stock Down 5.1%

NASDAQ:AMKR traded down $2.23 during trading hours on Friday, hitting $41.82. 2,957,340 shares of the stock traded hands, compared to its average volume of 3,561,587. The firm has a 50 day moving average price of $50.76 and a 200 day moving average price of $61.83. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. Amkor Technology, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $96.68. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.54 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 2.60 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd were given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 2nd. Amkor Technology’s payout ratio is presently 14.80%.

Institutional Trading of Amkor Technology

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Amkor Technology during the 2nd quarter worth about $1,060,005,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Amkor Technology during the second quarter valued at approximately $152,110,000. Bank of New York Mellon Corp bought a new position in Amkor Technology during the second quarter valued at approximately $90,656,000. Bank of Nova Scotia acquired a new stake in Amkor Technology in the second quarter valued at approximately $58,273,000. Finally, Principal Financial Group Inc. lifted its stake in Amkor Technology by 19.3% in the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock valued at $118,107,000 after acquiring an additional 423,629 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMKR. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research note on Tuesday, July 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $90.00 in a report on Friday, July 24th. Bank of America assumed coverage on shares of Amkor Technology in a research report on Thursday, August 27th. They issued a “buy” rating and a $70.00 price target for the company. Morgan Stanley raised their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and an average target price of $68.33.

Read Our Latest Stock Report on Amkor Technology

Amkor Technology Company Profile

(Get Free Report)

Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.

See Also

Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

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