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

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) EVP Kevin Engel sold 5,489 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Amkor Technology Trading Up 0.6 %

AMKR traded up $0.13 during trading on Friday, hitting $21.11. 2,369,126 shares of the stock traded hands, compared to its average volume of 1,652,392. The firm has a market capitalization of $5.21 billion, a P/E ratio of 14.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The firm has a 50-day moving average of $24.56 and a 200 day moving average of $27.39. Amkor Technology, Inc. has a 12-month low of $20.56 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

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Amkor Technology Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. B. Riley decreased 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 note on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and cut their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, Morgan Stanley cut their price target on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amkor Technology has a consensus rating of "Hold" and a consensus price target of $31.50.

Hedge Funds Weigh In On Amkor Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of Amkor Technology by 24,383.3% during the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock valued at $115,899,000 after buying an additional 3,772,095 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Amkor Technology during the third quarter valued at approximately $42,610,000. Norges Bank bought a new stake in shares of Amkor Technology during the fourth quarter valued at approximately $32,479,000. Vanguard Group Inc. raised its position in shares of Amkor Technology by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after buying an additional 1,092,002 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Amkor Technology by 522.0% during the third quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company's stock valued at $34,704,000 after buying an additional 951,764 shares during 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.