Insider Selling: Amkor Technology, Inc. (NASDAQ:AMKR) EVP Sells 5,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total transaction of $156,500.00. Following the transaction, the executive vice president now owns 25,280 shares in the company, valued at approximately $791,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Amkor Technology Trading Up 2.1 %

Amkor Technology stock opened at $32.34 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00. The stock’s 50 day simple moving average is $31.71 and its two-hundred day simple moving average is $29.93. The firm has a market cap of $7.96 billion, a PE ratio of 21.28 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) 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. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that Amkor Technology, Inc. will post 1.78 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a $0.079 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.32 annualized dividend and a yield of 0.98%. Amkor Technology’s dividend payout ratio is presently 20.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its position in shares of Amkor Technology by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock valued at $817,000 after buying an additional 327 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Amkor Technology by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock valued at $4,179,000 after buying an additional 344 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Amkor Technology by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 347 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Amkor Technology by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock valued at $711,000 after buying an additional 428 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Amkor Technology by 3.5% during the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock valued at $428,000 after buying an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMKR shares. Morgan Stanley upped their price objective on shares of Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. The Goldman Sachs Group increased their price target on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. DA Davidson increased their price target on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Amkor Technology in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $37.67.

About Amkor Technology

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.