Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $53.14, for a total transaction of $531,400.00. Following the completion of the transaction, the director directly owned 335,391 shares in the company, valued at approximately $17,822,677.74. The trade was a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Guillaume Marie Jean Rutten also recently made the following trade(s):
- On Monday, November 17th, Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock. The stock was sold at an average price of $31.68, for a total transaction of $316,800.00.
Amkor Technology Trading Down 1.9%
Shares of NASDAQ:AMKR opened at $52.45 on Friday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 41.96 and a beta of 1.99. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $55.17. The company’s fifty day simple moving average is $42.26 and its 200 day simple moving average is $32.23. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.
Amkor Technology Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is 26.40%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Amkor Technology in a research note on Friday, January 9th. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and a consensus target price of $39.14.
Get Our Latest Research Report on AMKR
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC bought a new stake in Amkor Technology in the 3rd quarter valued at $25,000. Bessemer Group Inc. increased its holdings in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 391 shares during the last quarter. IFP Advisors Inc raised its position in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the period. Hantz Financial Services Inc. raised its position in shares of Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,250 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in shares of Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after buying an additional 670 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.
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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