Insider Selling: Amkor Technology (NASDAQ:AMKR) CEO Sells 10,000 Shares of Stock

Key Points

• Amkor Technology CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock at an average price of $30.00, totaling $300,000, decreasing his ownership stake by 2.72%.
• The company reported a Q2 earnings per share (EPS) of $0.22, exceeding analysts' expectations of $0.16, and achieved revenue of $1.51 billion.
• Amkor Technology has announced a quarterly dividend of $0.0827 per share, reflecting an annual dividend yield of 1.1% and a payout ratio of 26.83%.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the sale, the chief executive officer owned 358,007 shares in the company, valued at $10,740,210. The trade was a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amkor Technology Stock Up 0.2%

Shares of AMKR stock traded up $0.05 during trading hours on Tuesday, reaching $29.58. 2,537,920 shares of the company's stock were exchanged, compared to its average volume of 2,177,145. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $32.47. The stock has a market cap of $7.31 billion, a PE ratio of 24.05 and a beta of 1.96. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. The stock's fifty day moving average price is $23.88 and its two-hundred day moving average price is $20.64.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company's revenue was up 3.4% compared to the same quarter last year. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.1%. Amkor Technology's payout ratio is 26.83%.

Analyst Ratings Changes

AMKR has been the subject of a number of research reports. Needham & Company LLC lifted their target price on Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. UBS Group lifted their target price on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. The Goldman Sachs Group started coverage on Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target for the company. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Hold" and an average price target of $26.44.

Institutional Trading of Amkor Technology

Several large investors have recently made changes to their positions in AMKR. Caitong International Asset Management Co. Ltd purchased a new position in Amkor Technology in the 1st quarter valued at $27,000. Hantz Financial Services Inc. lifted its stake in shares of Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company's stock worth $29,000 after buying an additional 1,250 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after buying an additional 1,530 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Amkor Technology by 416.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Amkor Technology by 166.3% during the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 1,357 shares in the last quarter. 42.76% of the stock is currently 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.

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