Insider Selling: Amkor Technology (NASDAQ:AMKR) Director Sells 7,000 Shares of Stock

Key Points

• Director Winston Churchill sold 7,000 shares of Amkor at an average price of $76.45 for a $535,150 transaction, trimming his stake by 27.04% to 18,888 shares (≈$1.44M).
• Shares fell about 6.4% to $72.27 on the reported day with ~4.55M shares traded; Amkor has a market cap of $17.91B and a 52‑week range of $17.59–$79.23.
• Q1 results beat expectations — EPS $0.33 vs. $0.23 est and revenue $1.68B (up 27.5% YoY); the company also pays a quarterly dividend of $0.0835 (annualized $0.33, ~0.5% yield) while analysts have a consensus "Hold" target of $62.75.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) Director Winston Churchill sold 7,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the sale, the director directly owned 18,888 shares in the company, valued at approximately $1,443,987.60. The trade was a 27.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amkor Technology Trading Down 6.4%

Shares of AMKR stock traded down $4.95 during trading on Thursday, hitting $72.27. 4,554,880 shares of the stock traded hands, compared to its average volume of 4,580,096. The firm has a market capitalization of $17.91 billion, a P/E ratio of 41.30 and a beta of 2.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The firm's fifty day moving average price is $54.11 and its 200-day moving average price is $46.23. Amkor Technology, Inc. has a 52-week low of $17.59 and a 52-week high of $79.23.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, research analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 12th. Amkor Technology's payout ratio is presently 18.86%.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of research analyst reports. B. Riley Financial boosted their target price on Amkor Technology from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. William Blair raised Amkor Technology to a "neutral" rating in a research report on Monday, January 12th. The Goldman Sachs Group boosted their target price on Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. Melius Research raised Amkor Technology from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research report on Monday, April 6th. Finally, Zacks Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $62.75.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock worth $349,000 after acquiring an additional 3,454,012 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock worth $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. Norges Bank acquired a new position in shares of Amkor Technology in the fourth quarter worth $53,702,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Amkor Technology by 305.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company's stock worth $44,719,000 after acquiring an additional 1,186,313 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Amkor Technology by 38.3% in the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company's stock worth $74,541,000 after acquiring an additional 985,727 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

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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