Insider Selling: Amkor Technology (NASDAQ:AMKR) EVP Sells 11,792 Shares of Stock

Key Points

• Farshad Haghighi, EVP of Amkor Technology, sold 11,792 shares of stock at an average price of $25.00, resulting in a total transaction value of $294,800 and a significant ownership decrease of 58.53%.
• Amkor Technology reported a quarterly earnings per share (EPS) of $0.22, exceeding analyst expectations of $0.16, with revenue of $1.51 billion for the quarter, marking a 3.4% year-over-year increase.
• The company has declared a quarterly dividend of $0.0827 per share, which is part of a $0.33 annualized dividend representing a 1.3% yield, with a payout ratio of 26.83%.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) EVP Farshad Haghighi sold 11,792 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total transaction of $294,800.00. Following the sale, the executive vice president owned 8,354 shares of the company's stock, valued at approximately $208,850. This represents a 58.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Amkor Technology Stock Performance

Shares of AMKR stock traded down $0.08 during trading hours on Wednesday, reaching $24.79. The company had a trading volume of 2,809,716 shares, compared to its average volume of 2,136,230. The business has a fifty day moving average price of $22.98 and a 200-day moving average price of $20.28. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $32.47. The firm has a market cap of $6.13 billion, a PE ratio of 20.15 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly 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 net margin of 4.80% and a return on equity of 7.23%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be paid a $0.0827 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.3%. Amkor Technology's payout ratio is currently 26.83%.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 467 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Amkor Technology by 24.5% during the second quarter. Advisors Asset Management Inc. now owns 2,784 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 548 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Amkor Technology by 7.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,082 shares of the semiconductor company's stock valued at $170,000 after purchasing an additional 573 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Amkor Technology by 0.6% during the second quarter. Retirement Systems of Alabama now owns 138,900 shares of the semiconductor company's stock valued at $2,916,000 after purchasing an additional 817 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Amkor Technology by 1.4% during the second quarter. Franklin Resources Inc. now owns 60,199 shares of the semiconductor company's stock valued at $1,264,000 after purchasing an additional 856 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. B. Riley lifted their price target on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Wall Street Zen raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Needham & Company LLC raised their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group started coverage on shares of Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amkor Technology presently has an average 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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