Insider Selling: Amkor Technology (NASDAQ:AMKR) Director Sells $1,524,800.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total value of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares in the company, valued at approximately $7,197,742.16. This represents a 17.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amkor Technology Trading Up 6.0%

Shares of Amkor Technology stock opened at $76.61 on Friday. Amkor Technology, Inc. has a fifty-two week low of $17.79 and a fifty-two week high of $79.23. The firm has a market cap of $18.99 billion, a PE ratio of 43.78 and a beta of 2.29. The business’s fifty day moving average is $54.59 and its two-hundred day moving average is $46.52. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. Analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were given a $0.0835 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Analyst Ratings Changes

Several research analysts recently weighed in on AMKR shares. Morgan Stanley increased their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. William Blair raised Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Finally, Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.75.

Hedge Funds Weigh In On Amkor Technology

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc grew its stake in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC grew its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in 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 purchasing an additional 854 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology

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.