Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total value of $779,250.00. Following the sale, the chief executive officer now owns 114,476 shares of the company's stock, valued at $3,568,216.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Guillaume Marie Jean Rutten also recently made the following trade(s):
- On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $31.23, for a total value of $780,750.00.
- On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $30.63, for a total value of $765,750.00.
Amkor Technology Stock Performance
Amkor Technology stock opened at $28.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00. The company has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $29.29. The company has a market cap of $7.12 billion, a PE ratio of 19.84 and a beta of 1.96.
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Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm posted $0.67 EPS. The company's revenue for the quarter was down 8.1% on a year-over-year basis. Research analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.
Amkor Technology Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.09%. Amkor Technology's payout ratio is currently 21.23%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AMKR. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research report on Thursday, February 29th. They set a "neutral" rating and a $32.00 price target for the company. Needham & Company LLC initiated coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an "equal weight" rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amkor Technology has an average rating of "Moderate Buy" and an average price target of $34.33.
Check Out Our Latest Stock Analysis on Amkor Technology
Hedge Funds Weigh In On Amkor Technology
Institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its position in Amkor Technology by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company's stock valued at $817,000 after purchasing an additional 327 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 347 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Amkor Technology by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 129,277 shares of the semiconductor company's stock valued at $4,301,000 after acquiring an additional 413 shares during the period. Arizona State Retirement System grew its position in shares of Amkor Technology by 1.4% during the third quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company's stock worth $711,000 after acquiring an additional 428 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Amkor Technology by 3.5% in the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company's stock worth $428,000 after acquiring an additional 438 shares during the period. 42.76% of the stock is owned by institutional investors.
About Amkor Technology
(
Get Free Report)
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.
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