Insider Selling: Amkor Technology, Inc. (NASDAQ:AMKR) CEO Sells $315,100.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Amkor Technology Price Performance

Shares of AMKR opened at $30.53 on Friday. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $44.86. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 20.09 and a beta of 1.84. The stock has a 50 day moving average of $31.02 and a 200-day moving average of $33.38.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, analysts forecast that Amkor Technology, Inc. will post 1.55 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a yield of 1.04%. Amkor Technology’s dividend payout ratio (DPR) is 20.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 target price on the stock. Needham & Company LLC increased their target price on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. KeyCorp began coverage on Amkor Technology in a report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price target for the company. StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus price target of $40.75.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. bought a new stake in shares of Amkor Technology in the 2nd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Amkor Technology in the second quarter valued at $40,000. Headlands Technologies LLC acquired a new position in shares of Amkor Technology during the first quarter valued at $43,000. Larson Financial Group LLC grew its position in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Amkor Technology in the 2nd quarter worth about $52,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.