Agnes C. Kim Sells 869,565 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the transaction, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Amkor Technology Stock Performance

NASDAQ AMKR traded up $0.13 on Friday, hitting $21.11. 2,369,126 shares of the stock traded hands, compared to its average volume of 1,652,392. Amkor Technology, Inc. has a 12 month low of $20.56 and a 12 month high of $44.86. The business's fifty day moving average is $24.56 and its two-hundred day moving average is $27.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 14.76 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

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Amkor Technology Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMKR. B. Riley reduced their price target on Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Melius cut Amkor Technology from a "buy" rating to a "hold" rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, Morgan Stanley dropped their price objective on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Amkor Technology presently has an average rating of "Hold" and an average price target of $31.50.

Institutional Investors Weigh In On Amkor Technology

A number of large investors have recently added to or reduced their stakes in AMKR. Raymond James & Associates purchased a new position in shares of Amkor Technology in the third quarter worth about $5,148,000. Hennion & Walsh Asset Management Inc. bought a new stake in Amkor Technology during the 3rd quarter valued at approximately $202,000. Louisiana State Employees Retirement System boosted its position in Amkor Technology by 7.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the semiconductor company's stock valued at $961,000 after acquiring an additional 2,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Amkor Technology by 253.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,281 shares of the semiconductor company's stock valued at $559,000 after acquiring an additional 13,111 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Amkor Technology by 0.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 200,332 shares of the semiconductor company's stock valued at $6,129,000 after acquiring an additional 1,745 shares in the last quarter. Hedge funds and other 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.