Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Gil Tily sold 15,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the sale, the director directly owned 108,806 shares in the company, valued at $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Amkor Technology Price Performance
Shares of AMKR stock opened at $70.35 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company has a market capitalization of $17.44 billion, a P/E ratio of 40.20 and a beta of 2.29. The company’s 50-day simple moving average is $57.75 and its two-hundred day simple moving average is $48.18. Amkor Technology, Inc. has a one year low of $17.79 and a one year high of $79.23.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business 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 company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current year.
Amkor Technology Dividend Announcement
Analysts Set New Price Targets
A number of equities analysts have commented on AMKR shares. UBS Group set a $43.00 target price on shares of Amkor Technology in a research note on Tuesday, February 10th. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.75.
Get Our Latest Research Report on AMKR
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AMKR. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after buying an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Amkor Technology by 913.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after buying an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Amkor Technology by 73.4% in the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Amkor Technology in the first quarter worth $271,000. 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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