Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten Sells 30,000 Shares of Stock

Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) CEO Guillaume Marie Jean Rutten sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $24.19, for a total transaction of $725,700.00. Following the transaction, the chief executive officer now owns 134,808 shares in the company, valued at $3,261,005.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Guillaume Marie Jean Rutten also recently made the following trade(s):

• On Tuesday, January 17th, Guillaume Marie Jean Rutten sold 30,000 shares of Amkor Technology stock. The shares were sold at an average price of $30.73, for a total transaction of $921,900.00.

Amkor Technology Trading Down 1.5 %

Shares of NASDAQ:AMKR traded down $0.38 during trading on Friday, reaching $24.74. 1,537,239 shares of the stock were exchanged, compared to its average volume of 1,127,255. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.61 and a current ratio of 1.99. Amkor Technology, Inc. has a 12-month low of $14.89 and a 12-month high of $31.38. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 7.95 and a beta of 1.76. The firm’s 50-day moving average price is $27.93 and its 200 day moving average price is $24.10.

Amkor Technology (NASDAQ:AMKR – Get Rating) last released its quarterly earnings results on Monday, February 13th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Amkor Technology had a return on equity of 22.57% and a net margin of 10.80%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 2.15 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, February 27th. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. Amkor Technology’s payout ratio is currently 9.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new position in shares of Amkor Technology in the fourth quarter worth $27,000. Wipfli Financial Advisors LLC purchased a new stake in Amkor Technology in the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Amkor Technology in the 4th quarter worth about $33,000. Ronald Blue Trust Inc. purchased a new stake in Amkor Technology in the 2nd quarter worth about $35,000. Finally, CWM LLC raised its stake in shares of Amkor Technology by 39.6% during the 3rd quarter. CWM LLC now owns 2,201 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 624 shares in the last quarter. 38.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 11th.

About Amkor Technology

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.