Amkor Technology (NASDAQ:AMKR) EVP Sells $294,800.00 in 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 company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total value of $294,800.00. Following the transaction, the executive vice president directly owned 8,354 shares in the company, valued at approximately $208,850. The trade was a 58.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Amkor Technology Stock Up 0.9%

Shares of AMKR stock traded up $0.22 during trading hours on Monday, reaching $25.68. 1,419,215 shares of the company's stock were exchanged, compared to its average volume of 1,818,578. The stock's 50 day moving average is $23.25 and its 200-day moving average is $20.37. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 20.88 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. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $32.47.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm earned $0.27 EPS. The firm's revenue was up 3.4% on a year-over-year basis. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

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 given a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is presently 26.83%.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. Northern Trust Corp grew its position in Amkor Technology by 16.2% during the 4th quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock worth $23,003,000 after purchasing an additional 124,671 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Amkor Technology during the 4th quarter worth about $245,000. Deutsche Bank AG boosted its stake in shares of Amkor Technology by 43.5% during the 4th quarter. Deutsche Bank AG now owns 19,174 shares of the semiconductor company's stock worth $493,000 after acquiring an additional 5,816 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Amkor Technology by 110.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 674,785 shares of the semiconductor company's stock worth $17,335,000 after acquiring an additional 354,457 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Amkor Technology by 60.9% during the 4th quarter. Lazard Asset Management LLC now owns 75,787 shares of the semiconductor company's stock worth $1,945,000 after acquiring an additional 28,698 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AMKR. Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. B. Riley upped their target price on Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group began coverage on Amkor Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Needham & Company LLC upped their target price on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Amkor Technology has a consensus 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.