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Amkor (NASDAQ:) Technology, Inc. (NASDAQ:AMKR) reported significant trading activity by its President and Chief Executive Officer (Guillaume Marie Jean Rutten). According to the latest filing, Mr. Rutten sold 25,000 shares of common stock at an average price of $31.23, for a total value of $780,750. The trade took place on March 15, 2024 and was executed within a price range of $30.92 to $31.62.
In addition to the sale, the filing also revealed that Rutten also acquired 15,000 shares of stock. Amkor Technology 's common stock is valued at $14.17 per share, totaling $212,550. The acquisition was made through the exercise of options under the company's employee stock option plan. Following these transactions, Mr. Rutten's direct ownership in the Company amounted to 124,476 shares of common stock.
The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Rutten on November 8, 2023. Such plans allow company insiders to plan ahead for stock trades and are typically used to avoid insider trading concerns. It is noteworthy that the option exercised by Rutten was part of a benefit granted on July 30, 2020, and was fully vested by the third anniversary of the grant date.
Investors and supporters of Amkor Technology may view this trading activity as routine financial moves by company executives. The company specializes in semiconductors and related devices and continues to operate from its headquarters in Tempe, Arizona.
Investment Pro Insights
As Amkor Technology (NASDAQ:AMKR) President and CEO Guillaume-Marie Jean Rutten makes headlines for his recent stock trades, investors may be looking to understand the company's broader financial picture. do not have. Here are some insights from his InvestingPro that may give you a clearer picture of Amkor's current market position.
Amkor Technology has demonstrated a commitment to returning value to shareholders, as evidenced by its track record of increasing its dividend for four consecutive years, which may be of interest to income-oriented investors. Moreover, the company's stock price has increased significantly over the past six months, giving him a total stock return of 37.49%, indicating strong short-term performance.
In terms of financial metrics, Amkor's market capitalization is USD 7.63 billion, reflecting the company's significant presence in the semiconductor and semiconductor equipment industry. The company has been operating at a price-to-earnings ratio (P/E) of 21.29 and a price-to-earnings ratio (P/B) of 1.93 as of the trailing twelve months ending in Q4 2023, indicating that the market is and how assets are valued. Despite an 8.3% decline in sales over the same period, Amkor remains profitable with a gross margin of 14.5%.
Investors looking for more comprehensive analysis and additional InvestingPro Tips, such as analyst forecasts for a company's debt levels, gross margins, and profitability, can find them on InvestingPro. Twelve additional tips are available that can provide deeper insight into Amkor's financial health and future prospects.
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