Guillaume Marie Jean Rutten Sells 10,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Amkor Technology Stock Up 1.5 %

Shares of AMKR stock traded up $0.47 on Thursday, hitting $30.95. The stock had a trading volume of 1,350,425 shares, compared to its average volume of 1,306,996. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 20.49 and a beta of 1.84. The stock’s 50 day moving average is $31.03 and its 200-day moving average is $33.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts expect that Amkor Technology, Inc. will post 1.55 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. Amkor Technology’s dividend payout ratio (DPR) is 20.39%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new position in Amkor Technology during the 2nd quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new position in Amkor Technology during the 2nd quarter valued at $40,000. Headlands Technologies LLC bought a new position in Amkor Technology during the 1st quarter valued at $43,000. Larson Financial Group LLC boosted its stake in Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Amkor Technology during the 2nd quarter valued at $52,000. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMKR has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research report on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. KeyCorp initiated coverage on shares of Amkor Technology in a research report on Friday, September 20th. They set an “overweight” rating and a $38.00 price target for the company. Needham & Company LLC upped their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Morgan Stanley upped their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the 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; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.