Amkor Technology (NASDAQ:AMKR) EVP Mark Rogers Sells 5,000 Shares

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Mark Rogers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $71.63, for a total transaction of $358,150.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Stock Performance

Shares of AMKR opened at $68.49 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a market cap of $16.98 billion, a PE ratio of 39.14 and a beta of 2.29. The company’s 50 day simple moving average is $59.17 and its 200-day simple moving average is $49.01. Amkor Technology, Inc. has a 12-month low of $17.79 and a 12-month high of $79.23.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. As a group, equities analysts predict that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be given a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMKR shares. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group lifted their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, B. Riley Financial boosted their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.75.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors have recently made changes to their positions in AMKR. Bessemer Group Inc. boosted its position in shares of Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology News Roundup

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor announced it has expanded its U.S. advanced packaging footprint by securing an additional 67 acres in Arizona, a move that should help the company scale domestic operations and strengthen its position in advanced chip packaging. Amkor Technology Expands U.S. Advanced Packaging Footprint with Additional Land in Arizona
• Positive Sentiment: Seeking Alpha also highlighted the Arizona land deal, reinforcing investor interest in Amkor’s capacity expansion and U.S. manufacturing strategy. Amkor secures additional 67 acres in Arizona to scale U.S. advanced packaging operations
• Positive Sentiment: Zacks published a bullish piece calling Amkor a top growth stock for the long term, which may be helping sentiment around the shares. Why Amkor Technology (AMKR) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: The company’s annual meeting results were routine, with shareholders reelecting the board and approving executive pay; this is generally not a major catalyst for the stock. Amkor Shareholders Reelect Board and Approve Executive Pay
• Neutral Sentiment: Two insiders sold shares under pre-arranged trading plans, including CFO Megan Faust and EVP Mark N. Rogers. While these sales can attract attention, they were disclosed as planned transactions and may not signal a change in fundamentals.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.