Megan Faust Sells 2,700 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $26.19, for a total transaction of $70,713.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $926,968.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Megan Faust also recently made the following trade(s):

• On Friday, October 20th, Megan Faust sold 2,700 shares of Amkor Technology stock. The shares were sold at an average price of $22.52, for a total transaction of $60,804.00.
• On Friday, September 15th, Megan Faust sold 2,700 shares of Amkor Technology stock. The stock was sold at an average price of $22.68, for a total transaction of $61,236.00.

Amkor Technology Trading Up 2.2 %

Shares of NASDAQ AMKR traded up $0.59 during midday trading on Monday, reaching $27.08. 865,430 shares of the stock were exchanged, compared to its average volume of 1,037,591. The business has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $25.11. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 16.05 and a beta of 1.85. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $31.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 1.65.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.39 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 5th will be given a $0.079 dividend. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Monday, December 4th. Amkor Technology’s payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

A number of research firms have commented on AMKR. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley began coverage on shares of Amkor Technology in a report on Thursday, November 9th. They set an “equal weight” rating and a $27.00 target price for the company. DA Davidson lifted their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. UBS Group began coverage on shares of Amkor Technology in a report on Thursday. They set a “buy” rating and a $31.00 target price for the company. Finally, B. Riley began coverage on shares of Amkor Technology in a report on Thursday. They set a “buy” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in Amkor Technology by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock valued at $711,000 after acquiring an additional 428 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Amkor Technology by 3.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 15,359 shares of the semiconductor company’s stock valued at $347,000 after acquiring an additional 475 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Amkor Technology by 11.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,808 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 506 shares in the last quarter. LPL Financial LLC lifted its position in Amkor Technology by 1.7% in the 1st quarter. LPL Financial LLC now owns 33,399 shares of the semiconductor company’s stock valued at $869,000 after acquiring an additional 544 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in Amkor Technology by 2.9% in the 2nd quarter. United Capital Financial Advisers LLC now owns 20,683 shares of the semiconductor company’s stock valued at $615,000 after acquiring an additional 592 shares in the last quarter. 38.69% of the stock is owned by institutional investors.

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 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.