Amkor Technology (NASDAQ:AMKR) Reaches New 52-Week High at $29.48

Amkor Technology, Inc. (NASDAQ:AMKR)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.48 and last traded at $29.45, with a volume of 24602 shares. The stock had previously closed at $28.86.

The business’s 50 day moving average is $25.79 and its 200-day moving average is $23.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.19. The company has a market cap of $6.66 billion, a PE ratio of 14.35 and a beta of 1.62.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Amkor Technology had a net margin of 8.51% and a return on equity of 19.31%. The company had revenue of $1.41 billion during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, September 7th will be paid a $0.04 dividend. The ex-dividend date is Friday, September 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. Amkor Technology’s dividend payout ratio is currently 11.43%.

In other news, EVP John Charles Stone sold 9,375 shares of the business’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $24.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now owns 40,927 shares in the company, valued at approximately $982,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $28.46, for a total transaction of $711,500.00. The disclosure for this sale can be found here. Insiders sold 141,250 shares of company stock valued at $3,565,388 in the last quarter. 58.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in Amkor Technology by 1,614.8% in the 1st quarter. Fifth Third Bancorp now owns 1,046 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 985 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Amkor Technology by 195.2% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,922 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 1,271 shares during the last quarter. The PNC Financial Services Group Inc. raised its position in Amkor Technology by 386.2% in the 1st quarter. The PNC Financial Services Group Inc. now owns 1,862 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,479 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Amkor Technology in the 1st quarter valued at $54,000. Finally, PNC Financial Services Group Inc. raised its position in Amkor Technology by 79.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,335 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 1,473 shares during the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

About Amkor Technology (NASDAQ:AMKR)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.

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