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Amkor Technology, Inc. (NASDAQ:AMKR) CEO Sells $1,320,600.00 in Stock

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Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) CEO Guillaume Marie Jean Rutten sold 60,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $22.01, for a total value of $1,320,600.00. Following the sale, the chief executive officer now directly owns 245,000 shares of the company's stock, valued at $5,392,450. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $0.33 on Thursday, hitting $23.03. The stock had a trading volume of 913,753 shares, compared to its average volume of 957,130. Amkor Technology, Inc. has a 52-week low of $14.89 and a 52-week high of $29.50. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 0.30. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 8.05 and a beta of 1.55. The company's 50 day moving average price is $18.30 and its 200 day moving average price is $20.10.

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Amkor Technology (NASDAQ:AMKR – Get Rating) last posted its earnings results on Monday, August 1st. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Amkor Technology had a return on equity of 22.93% and a net margin of 10.65%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $0.51 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.92 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Tuesday, June 7th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, June 6th. Amkor Technology's dividend payout ratio is presently 7.09%.

Wall Street Analyst Weigh In

Separately, DA Davidson began coverage on Amkor Technology in a report on Wednesday, June 29th. They set a "buy" rating and a $30.00 price target for the company.

Institutional Trading of Amkor Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Amkor Technology by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,002,251 shares of the semiconductor company's stock valued at $260,689,000 after acquiring an additional 132,938 shares during the last quarter. BlackRock Inc. raised its stake in Amkor Technology by 1.3% during the 1st quarter. BlackRock Inc. now owns 11,864,830 shares of the semiconductor company's stock valued at $257,703,000 after acquiring an additional 155,412 shares during the last quarter. LSV Asset Management raised its stake in Amkor Technology by 9.2% during the 1st quarter. LSV Asset Management now owns 8,153,318 shares of the semiconductor company's stock valued at $177,090,000 after acquiring an additional 684,917 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Amkor Technology by 2.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,168,786 shares of the semiconductor company's stock valued at $128,134,000 after acquiring an additional 106,253 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in Amkor Technology by 22.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,966,673 shares of the semiconductor company's stock valued at $98,334,000 after acquiring an additional 714,990 shares during the last quarter. 59.68% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the 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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