Insider Selling: Amkor Technology (NASDAQ:AMKR) Director Sells $382,900.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Douglas Alexander sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the sale, the director directly owned 29,109 shares in the company, valued at approximately $2,229,167.22. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Amkor Technology Trading Up 6.0%

Amkor Technology stock opened at $76.61 on Friday. Amkor Technology, Inc. has a 52 week low of $17.79 and a 52 week high of $79.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a market capitalization of $18.99 billion, a P/E ratio of 43.78 and a beta of 2.29. The stock has a 50-day simple moving average of $54.59 and a 200 day simple moving average of $46.52.

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

Amkor Technology Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares during the period. Bessemer Group Inc. boosted its position 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 acquiring an additional 391 shares during the period. Root Financial Partners LLC grew its stake in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 262 shares in the last quarter. IFP Advisors Inc grew its stake 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 acquiring an additional 447 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in Amkor Technology during the first quarter worth about $45,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group set a $43.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 10th. William Blair raised shares of Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. raised 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. Needham & Company LLC upped their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley increased their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus price target of $62.75.

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.