Guillaume Marie Jean Rutten Sells 15,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 15,000 shares of Amkor Technology stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $24.52, for a total transaction of $367,800.00. Following the transaction, the chief executive officer now directly owns 440,000 shares in the company, valued at $10,788,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, February 16th, Guillaume Marie Jean Rutten sold 77,500 shares of Amkor Technology stock. The shares were sold at an average price of $24.44, for a total transaction of $1,894,100.00.

Shares of NASDAQ AMKR opened at $22.67 on Wednesday. Amkor Technology, Inc. has a 52 week low of $8.73 and a 52 week high of $27.50. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 17.71 and a beta of 1.63. The company’s 50-day moving average price is $23.44 and its 200 day moving average price is $17.76. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Sunday, February 7th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.15. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Amkor Technology had a net margin of 6.39% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. As a group, research analysts expect that Amkor Technology, Inc. will post 1.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Tuesday, February 23rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, February 22nd. This represents a $0.16 annualized dividend and a yield of 0.71%. Amkor Technology’s payout ratio is 28.57%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC grew its position in shares of Amkor Technology by 23.6% during the fourth quarter. Advisory Services Network LLC now owns 5,050 shares of the semiconductor company’s stock worth $76,000 after buying an additional 965 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Amkor Technology by 21.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 8,585 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 1,506 shares in the last quarter. Ellevest Inc. lifted its holdings in Amkor Technology by 215.6% in the 4th quarter. Ellevest Inc. now owns 7,586 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 5,182 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Amkor Technology by 133.3% in the 4th quarter. New York State Teachers Retirement System now owns 7,700 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 4,400 shares during the last quarter. Finally, State of Tennessee Treasury Department acquired a new stake in Amkor Technology in the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Several brokerages have recently issued reports on AMKR. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Thursday, February 11th. Citigroup upped their price target on shares of Amkor Technology from $13.00 to $15.00 in a research report on Thursday, February 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.60.

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 rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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Insider Buying and Selling by Quarter for Amkor Technology (NASDAQ:AMKR)

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