Douglas Alexander Sells 5,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Key Points

• Director Douglas Alexander sold 5,000 Amkor Technology shares at an average price of $55.81, generating $279,050. The Rule 10b5-1 transaction reduced his direct ownership by 14.66% to 29,109 shares.
• Amkor shares traded at $54.30, while the company reported quarterly EPS of $0.70 and revenue of $1.90 billion, beating estimates and representing 25.6% year-over-year revenue growth.
• Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $68.12; analysts’ views range from “Strong Buy” to “Hold.”

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) Director Douglas Alexander sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the sale, the director directly owned 29,109 shares of the company's stock, valued at $1,624,573.29. The trade was a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Trading Up 2.7%

NASDAQ:AMKR traded up $1.43 during midday trading on Tuesday, hitting $54.30. 2,645,514 shares of the company traded hands, compared to its average volume of 5,058,212. The firm has a market capitalization of $13.49 billion, a P/E ratio of 24.35 and a beta of 2.25. The firm's fifty day moving average is $69.64 and its 200-day moving average is $60.87. Amkor Technology, Inc. has a 12-month low of $22.74 and a 12-month high of $96.68. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business's revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts predict that Amkor Technology, Inc. will post 2.62 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. Amkor Technology's payout ratio is presently 14.80%.

Institutional Trading of Amkor Technology

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Amkor Technology in the 2nd quarter worth $1,060,005,000. AQR Capital Management LLC grew its stake in Amkor Technology by 18.4% in the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company's stock valued at $119,607,000 after purchasing an additional 653,489 shares during the last quarter. State Street Corp raised its holdings in Amkor Technology by 1.4% in the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company's stock worth $137,151,000 after purchasing an additional 47,514 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Amkor Technology by 37.4% during the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company's stock valued at $107,477,000 after buying an additional 740,701 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock valued at $118,107,000 after buying an additional 423,629 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of recent analyst reports. UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Zacks Research upgraded shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. B. Riley Financial reduced their target price on shares of Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, Morgan Stanley increased their price objective on Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $68.12.

About Amkor Technology

Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.

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