Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) EVP Mark N. Rogers sold 5,000 shares of the firm's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the sale, the executive vice president now directly owns 25,280 shares of the company's stock, valued at $791,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Amkor Technology Price Performance
Shares of NASDAQ AMKR opened at $32.34 on Friday. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.34. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 21.28 and a beta of 1.94. The company has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $29.88.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. Amkor Technology's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Analysts expect that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.
Amkor Technology Dividend Announcement
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The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. Amkor Technology's payout ratio is currently 20.39%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on AMKR shares. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Amkor Technology in a research note on Tuesday. Morgan Stanley lifted their target price on shares of Amkor Technology from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Fox Advisors began coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an "equal weight" rating on the stock. B. Riley reaffirmed a "buy" rating and issued a $45.00 price objective (up from $43.00) on shares of Amkor Technology in a report on Tuesday. Finally, The Goldman Sachs Group increased their target price on Amkor Technology from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.
Check Out Our Latest Report on AMKR
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Amkor Technology by 1,324.6% in the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 755 shares during the last quarter. Pineridge Advisors LLC bought a new position in shares of Amkor Technology during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp raised its holdings in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company's stock worth $29,000 after buying an additional 347 shares during the period. Parkside Financial Bank & Trust increased its stake in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 806 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.
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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