Amkor Technology (NASDAQ:AMKR) Stock: Insider Megan Faust Sells 1,000 Shares

Key Points

• CFO Megan Faust sold 1,000 Amkor Technology shares at an average price of $46.92, totaling $46,920. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving her with 133,105 shares.
• Amkor shares fell 1.7% to $44.05, well below their 50-day and 200-day moving averages. The stock has traded between $29.50 and $96.68 over the past year.
• The company recently exceeded quarterly earnings and revenue estimates, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $68.33.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $46.92, for a total transaction of $46,920.00. Following the completion of the transaction, the chief financial officer directly owned 133,105 shares in the company, valued at approximately $6,245,286.60. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Megan Faust also recently made the following trade(s):

• On Tuesday, September 8th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $49.05, for a total transaction of $49,050.00.
• On Tuesday, August 11th, Megan Faust sold 1,000 shares of Amkor Technology stock. The shares were sold at an average price of $54.45, for a total transaction of $54,450.00.

Amkor Technology Stock Down 1.7%

NASDAQ:AMKR traded down $0.77 during midday trading on Thursday, reaching $44.05. 5,022,765 shares of the stock traded hands, compared to its average volume of 4,810,425. The stock has a market capitalization of $10.94 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.59 and a beta of 2.21. Amkor Technology, Inc. has a 12-month low of $29.50 and a 12-month high of $96.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The business has a 50-day moving average of $51.24 and a two-hundred day moving average of $61.98.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities analysts forecast that Amkor Technology, Inc. will post 2.60 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, September 2nd. Amkor Technology's payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group upgraded Amkor Technology from a "neutral" rating to a "buy" rating and increased their price target for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Bank of America started coverage on Amkor Technology in a report on Thursday, August 27th. They issued a "buy" rating and a $70.00 price target for the company. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. B. Riley Financial dropped their price target on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $68.33.

Institutional Trading of Amkor Technology

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Amkor Technology in the third quarter worth about $41,000. Ulland Investment Advisors LLC lifted its holdings in shares of Amkor Technology by 83.2% during the third quarter. Ulland Investment Advisors LLC now owns 11,920 shares of the semiconductor company's stock worth $624,000 after purchasing an additional 5,415 shares during the period. Oak Grove Capital LLC lifted its holdings in shares of Amkor Technology by 15.0% during the third quarter. Oak Grove Capital LLC now owns 23,000 shares of the semiconductor company's stock worth $1,205,000 after purchasing an additional 3,000 shares during the period. Wedmont Private Capital boosted its position in Amkor Technology by 3.6% in the third quarter. Wedmont Private Capital now owns 13,520 shares of the semiconductor company's stock valued at $690,000 after buying an additional 469 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Amkor Technology by 6.9% in the third quarter. GAMMA Investing LLC now owns 10,704 shares of the semiconductor company's stock valued at $561,000 after buying an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Company Profile

Amkor Technology, Inc NASDAQ: AMKR is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.

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