Amkor Technology, Inc. (NASDAQ:AMKR) Director Gil C. Tily sold 12,500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $9.09, for a total value of $113,625.00. Following the sale, the director now owns 87,325 shares of the company’s stock, valued at approximately $793,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Amkor Technology stock traded down $0.30 during trading on Monday, reaching $8.86. 1,134,931 shares of the company were exchanged, compared to its average volume of 947,495. The company has a quick ratio of 1.21, a current ratio of 1.36 and a debt-to-equity ratio of 0.70. Amkor Technology, Inc. has a twelve month low of $5.72 and a twelve month high of $9.78. The business’s 50-day simple moving average is $7.62. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 16.72 and a beta of 1.98.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. Amkor Technology had a return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $895.31 million during the quarter, compared to analysts’ expectations of $896.05 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. On average, analysts expect that Amkor Technology, Inc. will post 0.15 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Amkor Technology by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,422,753 shares of the semiconductor company’s stock worth $114,293,000 after purchasing an additional 744,342 shares during the period. Geode Capital Management LLC grew its stake in Amkor Technology by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,979,861 shares of the semiconductor company’s stock valued at $12,987,000 after acquiring an additional 85,405 shares during the period. Norges Bank acquired a new position in Amkor Technology in the fourth quarter valued at about $12,800,000. Bank of America Corp DE grew its stake in Amkor Technology by 9.3% in the fourth quarter. Bank of America Corp DE now owns 686,337 shares of the semiconductor company’s stock valued at $4,502,000 after acquiring an additional 58,490 shares during the period. Finally, California Public Employees Retirement System grew its stake in Amkor Technology by 14.7% in the first quarter. California Public Employees Retirement System now owns 531,704 shares of the semiconductor company’s stock valued at $4,541,000 after acquiring an additional 67,972 shares during the period. 38.16% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on AMKR. BidaskClub upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. ValuEngine upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, May 7th. Finally, TheStreet cut Amkor Technology from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.75.
Amkor Technology Company Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.
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