Amkor Technology, Inc. (NASDAQ:AMKR) Director Gil C. Tily Sells 20,000 Shares

Amkor Technology, Inc. (NASDAQ:AMKR) Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.20, for a total value of $644,000.00. Following the sale, the director now owns 129,218 shares of the company’s stock, valued at approximately $4,160,819.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Amkor Technology Trading Up 1.3 %

NASDAQ:AMKR opened at $32.78 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $31.79 and its two-hundred day moving average is $30.12. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $37.00. The company has a market cap of $8.06 billion, a PE ratio of 21.57 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. Amkor Technology’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. On average, analysts predict that Amkor Technology, Inc. will post 1.78 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, March 11th. Amkor Technology’s payout ratio is currently 20.39%.

Institutional Trading of Amkor Technology

Hedge funds have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its stake in Amkor Technology by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock valued at $631,000 after acquiring an additional 1,600 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Amkor Technology during the 4th quarter valued at $4,694,000. Trexquant Investment LP acquired a new position in shares of Amkor Technology during the 3rd quarter valued at $1,142,000. Invesco Ltd. increased its position in shares of Amkor Technology by 12.3% during the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock valued at $29,790,000 after purchasing an additional 144,280 shares during the period. Finally, SummerHaven Investment Management LLC increased 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 purchasing an additional 327 shares during the period. Institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Morgan Stanley raised their price objective on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. B. Riley restated a “buy” rating and set a $45.00 price objective (up previously from $43.00) on shares of Amkor Technology in a research note on Tuesday, April 30th. Fox Advisors assumed coverage on Amkor Technology in a research note on Thursday, March 14th. They set an “equal weight” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Amkor Technology in a research note 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

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 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.