Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten Sells 25,000 Shares

Amkor Technology, Inc. (NASDAQ:AMKR) CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the sale, the chief executive officer now owns 114,476 shares of the company’s stock, valued at $3,568,216.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 15th, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $31.23, for a total value of $780,750.00.
• On Thursday, February 22nd, Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock. The stock was sold at an average price of $30.63, for a total value of $765,750.00.

Amkor Technology Price Performance

Shares of AMKR stock traded down $1.13 during mid-day trading on Thursday, hitting $28.97. 1,035,324 shares of the stock were exchanged, compared to its average volume of 921,570. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $37.00. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.12 billion, a PE ratio of 20.62 and a beta of 1.96. The firm has a fifty day moving average of $31.72 and a 200 day moving average of $29.29.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. Amkor Technology’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Research analysts anticipate that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 21.23%.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new position in shares of Amkor Technology during the 3rd quarter worth about $1,142,000. Invesco Ltd. increased its stake in Amkor Technology by 12.3% during the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after buying an additional 144,280 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Amkor Technology during the third quarter valued at approximately $4,280,000. Vanguard Group Inc. lifted its position in shares of Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after acquiring an additional 1,300,745 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Amkor Technology in the third quarter worth approximately $1,107,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AMKR. Fox Advisors started coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating on the stock. The Goldman Sachs Group began coverage on Amkor Technology in a report on Thursday, February 29th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target for the company. Three 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.