Key Points
- Amkor Technology director Gil Tily sold 15,000 shares on May 11 at an average price of $77.30, totaling about $1.16 million. After the sale, he still held 108,806 shares, a 12.12% reduction in his position.
- The company recently beat quarterly expectations, reporting EPS of $0.33 versus the $0.23 consensus and revenue of $1.68 billion versus $1.63 billion expected. Revenue rose 27.5% year over year.
- Amkor announced a quarterly dividend of $0.0835 per share, payable June 23, implying a 0.4% annualized yield. Analysts currently have a consensus rating of “Hold” with an average price target of $62.75.
Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) Director Gil Tily sold 15,000 shares of the business's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the sale, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. The trade was a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Amkor Technology Price Performance
NASDAQ AMKR opened at $74.61 on Thursday. The stock's 50-day moving average price is $56.71 and its two-hundred day moving average price is $47.75. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The company has a market cap of $18.49 billion, a PE ratio of 42.63 and a beta of 2.29. Amkor Technology, Inc. has a 1 year low of $17.79 and a 1 year high of $79.23.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, analysts predict that Amkor Technology, Inc. will post 2.08 EPS for the current year.
Amkor Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology's payout ratio is 18.86%.
Institutional Investors Weigh In On Amkor Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMKR. Royal Bank of Canada lifted its holdings in Amkor Technology by 100.6% in 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. Fisher Asset Management LLC lifted its holdings in 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 worth $82,712,000 after purchasing an additional 1,407,109 shares during the last quarter. Norges Bank acquired a new stake in Amkor Technology in the 4th quarter worth approximately $53,702,000. Arrowstreet Capital Limited Partnership lifted its holdings in 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 worth $44,719,000 after purchasing an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company's stock worth $74,541,000 after purchasing an additional 985,727 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AMKR has been the topic of several research analyst reports. UBS Group set a $43.00 target price on Amkor Technology in a research note on Tuesday, February 10th. Zacks Research cut 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. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial lifted their target price on Amkor Technology from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $62.75.
View Our Latest Report on Amkor Technology
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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