Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $54.45, for a total value of $54,450.00. Following the transaction, the chief financial officer directly owned 135,105 shares in the company, valued at $7,356,467.25. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Megan Faust also recently made the following trade(s):
- On Tuesday, June 9th, Megan Faust sold 1,000 shares of Amkor Technology stock. The shares were sold at an average price of $70.30, for a total value of $70,300.00.
- On Tuesday, May 19th, Megan Faust sold 1,000 shares of Amkor Technology stock. The shares were sold at an average price of $64.60, for a total value of $64,600.00.
Amkor Technology Price Performance
Shares of NASDAQ AMKR opened at $58.99 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a one year low of $22.74 and a one year high of $96.68. The firm has a market capitalization of $14.66 billion, a P/E ratio of 26.45 and a beta of 2.24. The company’s fifty day moving average is $68.40 and its two-hundred day moving average is $60.94.
Amkor Technology Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. Amkor Technology’s dividend payout ratio (DPR) is 14.80%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. B. Riley Financial lowered their target price on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group raised their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.12.
Read Our Latest Analysis on AMKR
Institutional Trading of Amkor Technology
Several large investors have recently modified their holdings of AMKR. Royal Bank of Canada raised its position in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Amkor Technology by 913.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after buying an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in Amkor Technology during the first quarter worth $271,000. 42.76% of the stock is currently 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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