Guillaume Marie Jean Rutten Sells 25,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total transaction of $834,250.00. Following the transaction, the chief executive officer now owns 104,476 shares of the company's stock, valued at approximately $3,486,364.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guillaume Marie Jean Rutten also recently made the following trade(s):

• On Tuesday, April 16th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00.
• On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00.
• On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The shares were sold at an average price of $30.63, for a total value of $765,750.00.

Amkor Technology Stock Down 0.8 %

AMKR stock traded down $0.27 during mid-day trading on Friday, reaching $32.68. 532,387 shares of the company traded hands, compared to its average volume of 937,160. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 21.68 and a beta of 1.94. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The firm's 50 day moving average price is $31.76 and its 200 day moving average price is $30.56. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $0.18 EPS. Amkor Technology's quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts predict that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 4th will be given a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, June 4th. Amkor Technology's payout ratio is 20.39%.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently modified their holdings of AMKR. Handelsbanken Fonder AB lifted its holdings in Amkor Technology by 9.2% during the fourth quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company's stock worth $631,000 after acquiring an additional 1,600 shares during the period. Readystate Asset Management LP purchased a new position in Amkor Technology during the 4th quarter valued at about $4,694,000. Trexquant Investment LP bought a new position in shares of Amkor Technology in the third quarter valued at approximately $1,142,000. Invesco Ltd. lifted its stake in Amkor Technology by 12.3% in the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company's stock worth $29,790,000 after purchasing an additional 144,280 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Amkor Technology by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company's stock worth $817,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMKR. Fox Advisors initiated coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an "equal weight" rating on the stock. The Goldman Sachs Group upped their target price on Amkor Technology from $32.00 to $36.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. DA Davidson lifted their target price on Amkor Technology from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Needham & Company LLC reissued a "buy" rating and set a $40.00 price target on shares of Amkor Technology in a research note on Tuesday, April 30th. Finally, Morgan Stanley upped their price target on Amkor Technology from $32.00 to $34.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of "Moderate Buy" and an average target price of $37.67.

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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