Amkor Technology (NASDAQ:AMKR) EVP Mark Rogers Sells 5,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) EVP Mark Rogers sold 5,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the sale, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Trading Down 7.2%

Shares of NASDAQ:AMKR traded down $3.95 during midday trading on Wednesday, reaching $50.89. The company’s stock had a trading volume of 7,121,565 shares, compared to its average volume of 5,033,795. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 22.82 and a beta of 2.25. The business has a 50 day moving average price of $67.94 and a 200 day moving average price of $61.12. Amkor Technology, Inc. has a 1 year low of $22.74 and a 1 year high of $96.68. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Research analysts forecast that Amkor Technology, Inc. will post 2.62 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s dividend payout ratio is 14.80%.

Institutional Trading of Amkor Technology

Several large investors have recently added to or reduced their stakes in AMKR. IFP Advisors Inc raised its holdings in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the period. CoreCap Advisors LLC grew its holdings in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Amkor Technology by 61.8% during the 1st 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. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMKR shares. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $90.00 in a report on Friday, July 24th. Morgan Stanley increased their target price on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Amkor Technology in a report on Tuesday, July 28th. Finally, Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.12.

Read Our Latest Analysis on Amkor Technology

Amkor Technology Company Profile

(Get Free Report)

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.

Further Reading

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

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