Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) Director Douglas Alexander sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the director directly owned 29,109 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink.
Amkor Technology Price Performance
Shares of Amkor Technology stock opened at $72.27 on Friday. The stock has a 50 day moving average of $54.59 and a 200 day moving average of $46.52. Amkor Technology, Inc. has a 12 month low of $17.59 and a 12 month high of $79.23. The firm has a market cap of $17.91 billion, a PE ratio of 41.30 and a beta of 2.29. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 27.5% on a year-over-year basis. On average, research analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.
Amkor Technology Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology's dividend payout ratio is presently 18.86%.
Institutional Investors Weigh In On Amkor Technology
Several institutional investors have recently modified their holdings of AMKR. Royal Bank of Canada lifted its stake in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock valued at $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock valued at $82,712,000 after purchasing an additional 1,407,109 shares during the last quarter. Norges Bank bought a new stake in shares of Amkor Technology in the 4th quarter valued at approximately $53,702,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company's stock valued at $44,719,000 after purchasing an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Amkor Technology by 38.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company's stock worth $74,541,000 after acquiring an additional 985,727 shares during the last quarter. 42.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AMKR shares. The Goldman Sachs Group increased their price target on Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Zacks Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amkor Technology in a research note on Monday, April 20th. William Blair raised Amkor Technology to a "neutral" rating in a research note on Monday, January 12th. Finally, 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 note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $62.75.
View Our Latest Stock Report on AMKR
About Amkor Technology
(
Get Free Report)
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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