Amkor Technology CEO Guillaume Marie Jean Rutten recently sold 25,000 shares of the company’s stock, totaling $1,073,500. The CEO now owns 128,333 shares valued at $5,510,619.02. The company’s stock opened at $41.22 on Thursday, with a market capitalization of $10.13 billion. Amkor Technology reported $0.24 earnings per share in their last quarterly results, beating analyst estimates. The company also paid a quarterly dividend of $0.079 per share. Analysts forecast a growth in earnings per share for the current year.
Wall Street analysts have given Amkor Technology a mix of buy and neutral ratings, with an average target price of $40.43. Institutional investors have shown interest in the company, with several hedge funds increasing their stakes. Amkor Technology provides semiconductor packaging and testing services globally, catering to various industries. The company’s offerings include flip chip scale packages for mobile electronic devices and memory products.
Overall, Amkor Technology is experiencing positive market sentiment, with strong financial performance and growth potential. The recent CEO’s stock sale, quarterly dividend payment, and favorable ratings from analysts indicate a promising outlook for the company. With a focus on innovation and technological advancements, Amkor Technology is well-positioned to continue its success in the semiconductor industry.
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