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

Amkor Technology, Inc. (NASDAQ:AMKR) CFO Megan Faust sold 2,700 shares of the company’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 owns 35,394 shares of the company’s stock, valued at approximately $926,968.86. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $22.68, for a total transaction of $61,236.00.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $27.08 on Tuesday. The company has a 50-day moving average of $22.90 and a 200-day moving average of $25.16. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 16.41 and a beta of 1.85. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $31.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.65 and a current ratio of 1.95.

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

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is presently 18.18%.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Amkor Technology by 350.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the last quarter. Lazard Asset Management LLC bought a new position in Amkor Technology during the 1st quarter valued at about $38,000. Chilton Capital Management LLC bought a new position in Amkor Technology during the 1st quarter valued at about $52,000. Cerity Partners LLC bought a new position in Amkor Technology during the 1st quarter valued at about $40,427,000. Finally, Advisors Asset Management Inc. lifted its holdings in Amkor Technology by 57.3% during the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,069 shares during the last quarter. 38.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMKR shares. DA Davidson increased their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. B. Riley began coverage on shares of Amkor Technology in a research note on Thursday, November 16th. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley began coverage on shares of Amkor Technology in a research report on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 price target on the stock. Finally, UBS Group began coverage on shares of Amkor Technology in a research report on Thursday, November 16th. They issued a “buy” rating and a $31.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

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.