Insider Selling: Amkor Technology, Inc. (NASDAQ:AMKR) EVP Sells $119,200.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.84, for a total transaction of $119,200.00. Following the sale, the executive vice president now owns 20,815 shares of the company’s stock, valued at approximately $496,229.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Amkor Technology Trading Up 5.4 %

NASDAQ:AMKR opened at $23.83 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.56 and a current ratio of 1.95. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 14.44 and a beta of 1.85. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $31.38. The firm has a 50-day moving average price of $23.27 and a two-hundred day moving average price of $24.97.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. On average, equities analysts expect that Amkor Technology, Inc. will post 1.39 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, September 1st. Amkor Technology’s dividend payout ratio is currently 18.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Xponance Inc. grew its position in shares of Amkor Technology by 26.3% during the 2nd quarter. Xponance Inc. now owns 20,024 shares of the semiconductor company’s stock valued at $596,000 after acquiring an additional 4,164 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Amkor Technology during the 2nd quarter valued at approximately $187,000. M&G Investment Management Ltd. bought a new position in shares of Amkor Technology during the 2nd quarter valued at approximately $8,479,000. Ritholtz Wealth Management grew its position in shares of Amkor Technology by 43.1% during the 2nd quarter. Ritholtz Wealth Management now owns 32,173 shares of the semiconductor company’s stock valued at $957,000 after acquiring an additional 9,686 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Amkor Technology during the 1st quarter valued at approximately $40,427,000. 38.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMKR. DA Davidson lifted their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.