Amkor Technology, Inc. (NASDAQ:AMKR) Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $9.36, for a total value of $187,200.00. Following the sale, the director now owns 54,176 shares in the company, valued at $507,087.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ AMKR opened at $9.47 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.18 and a current ratio of 1.38. Amkor Technology, Inc. has a twelve month low of $5.72 and a twelve month high of $11.68. The company has a market cap of $2.25 billion, a P/E ratio of 17.87 and a beta of 1.92.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 11th. The semiconductor company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Amkor Technology had a return on equity of 7.14% and a net margin of 2.94%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Research analysts predict that Amkor Technology, Inc. will post 0.1 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Amkor Technology by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,422,753 shares of the semiconductor company’s stock worth $114,293,000 after acquiring an additional 744,342 shares in the last quarter. BlackRock Inc. boosted its holdings in Amkor Technology by 14.9% in the fourth quarter. BlackRock Inc. now owns 10,521,970 shares of the semiconductor company’s stock worth $69,023,000 after acquiring an additional 1,368,384 shares in the last quarter. Northern Trust Corp boosted its holdings in Amkor Technology by 7.9% in the second quarter. Northern Trust Corp now owns 3,457,914 shares of the semiconductor company’s stock worth $29,704,000 after acquiring an additional 252,447 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Amkor Technology by 16.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,697,529 shares of the semiconductor company’s stock worth $17,696,000 after acquiring an additional 381,727 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Amkor Technology by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 2,313,340 shares of the semiconductor company’s stock worth $17,097,000 after acquiring an additional 43,760 shares in the last quarter. 39.00% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on AMKR shares. TheStreet upgraded Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Tuesday, January 15th. BidaskClub upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Finally, Deutsche Bank dropped their price target on Amkor Technology from $10.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Amkor Technology presently has a consensus rating of “Hold” and an average price target of $7.67.
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About Amkor Technology
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.
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