Amkor Technology, Inc. (NASDAQ:AMKR) Director Sells $520,000.00 in Stock
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Amkor Technology, Inc. (NASDAQ:AMKR - Get Rating) Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $520,000.00. Following the completion of the transaction, the director now owns 14,394 shares of the company's stock, valued at $374,244. The sale was disclosed in a document filed with the SEC, which is available through this link.
Amkor Technology Stock Down 4.0 %
AMKR stock traded down $1.08 during trading on Friday, hitting $25.86. 945,766 shares of the stock traded hands, compared to its average volume of 921,705. Amkor Technology, Inc. has a 1 year low of $14.89 and a 1 year high of $29.10. The firm's 50 day moving average is $22.59 and its two-hundred day moving average is $20.26. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 7.79 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 1.42.
Amkor Technology (NASDAQ:AMKR - Get Rating) last announced its quarterly earnings data on Monday, October 31st. The semiconductor company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.92 by $0.32. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $0.74 EPS. Amkor Technology's revenue for the quarter was up 24.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 3.14 EPS for the current year.
Amkor Technology Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Tuesday, December 6th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.16%. This is an increase from Amkor Technology's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, December 5th. Amkor Technology's dividend payout ratio is 9.04%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Amkor Technology to $30.00 in a research note on Friday, November 4th. StockNews.com assumed coverage on shares of Amkor Technology in a research note on Wednesday, October 12th. They issued a "buy" rating for the company.
Institutional Trading of Amkor Technology
Institutional investors have recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of Amkor Technology during the 3rd quarter valued at about $28,000. Nisa Investment Advisors LLC boosted its holdings in shares of Amkor Technology by 85.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,865 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 860 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $35,000. CWM LLC boosted its holdings 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 valued at $38,000 after acquiring an additional 624 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Amkor Technology during the 1st quarter valued at about $38,000. 38.69% of the stock is owned by hedge funds and other institutional investors.
About Amkor Technology
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.
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