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

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

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $22.14 on Thursday. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 15.48 and a beta of 1.81. The stock has a fifty day moving average price of $24.73 and a 200-day moving average price of $27.57. Amkor Technology, Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $44.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data 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 net margin of 5.60% and a return on equity of 8.59%. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be paid a $0.0827 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.49%. Amkor Technology’s payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley dropped their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. 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. Morgan Stanley decreased their target price 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. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the 4th quarter valued at $27,000. Jones Financial Companies Lllp raised its position in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Amkor Technology during the 3rd quarter worth about $39,000. Bessemer Group Inc. grew its position in shares of Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,242 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in shares of Amkor Technology during the fourth quarter worth about $43,000. Institutional investors 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.