Guillaume Marie Jean Rutten Sells 25,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the completion of the sale, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at $3,568,216.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

Guillaume Marie Jean Rutten also recently made the following trade(s):

• On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $31.23, for a total transaction of $780,750.00.
• On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00.

Amkor Technology Trading Down 1.6 %

AMKR stock opened at $28.50 on Friday. The firm has a fifty day moving average price of $31.64 and a 200 day moving average price of $29.33. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The firm has a market cap of $7.01 billion, a PE ratio of 19.52 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm posted $0.67 earnings per share. Amkor Technology’s revenue for the quarter was down 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is presently 21.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Fox Advisors assumed coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating for the company. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, February 29th. They set a “neutral” rating and a $32.00 price objective for the company. Finally, Needham & Company LLC assumed coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They set a “buy” rating and a $40.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in shares of Amkor Technology by 1,324.6% in the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 755 shares in the last quarter. Pineridge Advisors LLC bought a new stake in Amkor Technology in the fourth quarter worth $28,000. Parkside Financial Bank & Trust lifted its position in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after buying an additional 806 shares during the last quarter. Fifth Third Bancorp lifted its position in Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after buying an additional 347 shares during the last quarter. Finally, West Tower Group LLC bought a new stake in Amkor Technology in the fourth quarter worth $31,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.