Amkor Technology, Inc. (NASDAQ:AMKR) Director Sells $644,000.00 in Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Gil C. Tily sold 20,000 shares of the stock in a transaction 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 transaction, the director now directly owns 129,218 shares in the company, valued at $4,160,819.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Amkor Technology Price Performance

NASDAQ AMKR opened at $32.54 on Thursday. The company’s 50 day moving average is $31.83 and its two-hundred day moving average is $30.14. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 21.41 and a beta of 1.94. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00.

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

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. Amkor Technology’s dividend payout ratio is currently 20.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMKR. Bailard Inc. lifted its stake in shares of Amkor Technology by 20.0% in the 3rd quarter. Bailard Inc. now owns 12,241 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 2,041 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Amkor Technology in the 3rd quarter valued at $855,000. Strs Ohio raised its holdings in Amkor Technology by 9.0% in the third quarter. Strs Ohio now owns 43,700 shares of the semiconductor company’s stock worth $987,000 after purchasing an additional 3,600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Amkor Technology by 464.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,572 shares of the semiconductor company’s stock worth $5,640,000 after acquiring an additional 205,384 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Amkor Technology by 295.0% during the third quarter. Inspire Investing LLC now owns 41,581 shares of the semiconductor company’s stock valued at $940,000 after acquiring an additional 31,053 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMKR. DA Davidson increased their target price on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. The Goldman Sachs Group increased their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. B. Riley restated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a report on Tuesday, April 30th. Finally, Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an “equal weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.