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

Amkor Technology, Inc. (NASDAQ:AMKR) EVP Kevin Engel sold 5,489 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of 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 can be accessed through this link.

Amkor Technology Stock Performance

NASDAQ AMKR traded up $0.42 during trading hours on Wednesday, hitting $22.14. The company’s stock had a trading volume of 1,845,534 shares, compared to its average volume of 1,629,625. The company’s 50 day simple moving average is $24.80 and its two-hundred day simple moving average is $27.61. 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 company has a market cap of $5.46 billion, a P/E ratio of 15.48 and a beta of 1.81. Amkor Technology, Inc. has a 12 month low of $21.46 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is 23.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates bought a new stake in shares of Amkor Technology during the third quarter valued at approximately $5,148,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Amkor Technology in the 3rd quarter worth $202,000. Louisiana State Employees Retirement System boosted its holdings in shares of 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 purchasing an additional 2,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Amkor Technology by 253.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,281 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 13,111 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Amkor Technology by 0.9% during the third quarter. State of Alaska Department of Revenue now owns 200,332 shares of the semiconductor company’s stock valued at $6,129,000 after purchasing an additional 1,745 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. DA Davidson cut their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, KeyCorp decreased their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

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.