Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark N. Rogers Sells 15,000 Shares

Key Points

• Amkor Technology EVP Mark N. Rogers sold 15,000 shares at an average price of $23.58, reducing his total position by 38.60% to 23,862 shares.
• The company's recent quarterly earnings report revealed earnings per share of $0.22, surpassing analysts' expectations of $0.16, with revenues of $1.51 billion.
• Amkor Technology announced a quarterly dividend of $0.0827 per share, translating to a 1.5% dividend yield and a payout ratio of 26.83%.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of the transaction, the executive vice president directly owned 23,862 shares in the company, valued at approximately $562,665.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amkor Technology Trading Down 5.8%

Amkor Technology stock traded down $1.38 during trading on Thursday, reaching $22.56. 3,291,773 shares of the company were exchanged, compared to its average volume of 2,110,110. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $33.85. The company has a market capitalization of $5.57 billion, a P/E ratio of 18.34 and a beta of 1.85. The stock's 50 day simple moving average is $20.67 and its two-hundred day simple moving average is $20.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.83.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's payout ratio is presently 26.83%.

Institutional Trading of Amkor Technology

A number of large investors have recently bought and sold shares of AMKR. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Amkor Technology by 15.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock worth $197,000 after acquiring an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Amkor Technology by 22.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock worth $379,000 after buying an additional 3,885 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Amkor Technology by 32.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock valued at $403,000 after buying an additional 5,447 shares in the last quarter. M&T Bank Corp grew its holdings in Amkor Technology by 36.9% during the first quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock worth $954,000 after acquiring an additional 14,236 shares during the period. Finally, Geode Capital Management LLC raised its position in Amkor Technology by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after acquiring an additional 15,211 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Analysts Set New Price Targets

AMKR has been the subject of several research reports. DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. B. Riley increased their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC lifted their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of "Hold" and an average price target of $26.44.

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.

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