Kevin Engel Sells 5,489 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Amkor Technology Stock Performance

AMKR opened at $21.11 on Friday. The stock’s 50 day simple moving average is $24.56 and its 200-day simple moving average is $27.46. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.21 billion, a PE ratio of 14.76 and a beta of 1.81. Amkor Technology, Inc. has a 1 year low of $20.56 and a 1 year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio is 23.08%.

Analysts Set New Price Targets

AMKR has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. B. Riley dropped their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and lowered their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.50.

Institutional Trading of Amkor Technology

Several institutional investors have recently bought and sold shares of the stock. Highland Capital Management LLC boosted its stake in Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 482 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Amkor Technology by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock valued at $2,313,000 after buying an additional 484 shares in the last quarter. Larson Financial Group LLC boosted its stake in Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares in the last quarter. Robotti Robert boosted its stake in Amkor Technology by 0.3% in the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company’s stock valued at $5,545,000 after buying an additional 705 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Amkor Technology by 2.0% in the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

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 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.