Key Points
- Director Winston Churchill sold 5,000 shares of Amkor Technology at an average price of $78.20, totaling $391,000. After the sale, he still held 28,781 shares, a 14.8% reduction in his ownership stake.
- Amkor reported stronger-than-expected quarterly results, posting earnings of $0.33 per share versus the $0.23 consensus and revenue of $1.68 billion versus expectations of $1.63 billion. Revenue rose 27.5% year over year.
- The company recently declared a quarterly dividend of $0.0835 per share, payable June 23, implying an annualized dividend of $0.33 and a yield of about 0.4%. Analysts currently have a mixed view, with a consensus rating of Hold and an average target price of $67.38.
Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) Director Winston Churchill sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the sale, the director owned 28,781 shares of the company's stock, valued at $2,250,674.20. The trade was a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Amkor Technology Trading Up 1.3%
Shares of NASDAQ:AMKR opened at $86.55 on Wednesday. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 49.46 and a beta of 2.25. Amkor Technology, Inc. has a 1-year low of $19.79 and a 1-year high of $96.68. 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 company has a 50 day moving average price of $69.54 and a 200 day moving average price of $54.28.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.
Amkor Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology's dividend payout ratio (DPR) is presently 18.86%.
Hedge Funds Weigh In On Amkor Technology
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 135 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Amkor Technology by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company's stock worth $387,000 after buying an additional 202 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Amkor Technology by 0.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company's stock worth $1,430,000 after buying an additional 218 shares in the last quarter. Evolve Private Wealth LLC lifted its position in Amkor Technology by 3.0% in the 1st quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company's stock worth $343,000 after buying an additional 222 shares in the last quarter. Finally, Strs Ohio lifted its position in Amkor Technology by 8.6% in the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company's stock worth $134,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.
Analysts Set New Price Targets
AMKR has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Melius Research raised shares of Amkor Technology from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, April 6th. Zacks Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of Amkor Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 21st. Finally, Needham & Company LLC raised their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.38.
Check Out Our Latest Research 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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