CEO Guillaume Marie Jean Rutten Sells $717,600 Worth of Amkor Technology Stock
April 21, 2023
Trending News ☀️
This transaction was documented in a Form 4 filing. This move came as a surprise to many investors, as it appears to contradict the confidence Rutten has placed in the company’s stock. Amkor Technology ($NASDAQ:AMKR) is a leading provider of contract semiconductor assembly and test services. They provide customers with the ability to use their advanced technology and capabilities to increase their product quality, reduce their costs, and accelerate time-to-market. Amkor’s services include integrated assembly, test, engineering and product design, supporting various end markets like automotive, consumer electronics and communication.
The company has been successful in the past few years with their stock increasing at an impressive rate. As such, it is unclear why Rutten would sell such a large number of shares for such a noteworthy amount. Despite the questions raised by this move, it does not appear to have dampened investor confidence in the company’s stock.
Stock Price
On Thursday, AMKOR TECHNOLOGY stock opened at $23.1 and closed at $23.6, up by 1.1% from last closing price of 23.4. This is a significant surge in the stock price as CEO Guillaume Marie Jean Rutten sold $717,600 worth of the same stock the same day. It is believed that the sale was done to take advantage of the sudden surge in the stock price.
The sale of the stock has raised many eyebrows as it was done at an opportune time. It is unclear if the sale was made with prior knowledge of the surge or was just a coincidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amkor Technology. More…
| Total Revenues | Net Income | Net Margin |
| 7.09k | 765.82 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amkor Technology. More…
| Operations | Investing | Financing |
| 1.1k | -1.01k | 55.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amkor Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.82k | 3.12k | 14.97 |
Key Ratios Snapshot
Some of the financial key ratios for Amkor Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 57.4% | 12.9% |
| FCF Margin | ROE | ROA |
| 2.7% | 16.0% | 8.4% |
Analysis
At GoodWhale, we have conducted an analysis of AMKOR TECHNOLOGY‘s welfare in terms of financial and business risk ratings. Our conclusion is that AMKOR TECHNOLOGY is a low risk investment. We have detected one risk warning in its balance sheet, but with our help you can take a closer look at this potential hazard. Register with us to review our findings and to gain a better understanding of your potential investment. More…
Peers
The competition in the semiconductor industry is fierce. Amkor Technology Inc is up against Unisem (M) Bhd, ASE Technology Holding Co Ltd, Vate Technology Corp Ltd, and many other companies. All of these companies are vying for a piece of the pie in an industry that is growing rapidly. The company has a strong market share and is well-positioned to continue its growth.
– Unisem (M) Bhd ($KLSE:5005)
Unisem (M) Bhd is a semiconductor assembly and test company. It has a market cap of 4.21B as of 2022. The company’s ROE is 6.97%. Unisem is involved in the assembly and testing of integrated circuits, semiconductor components, and other electronic devices. The company has operations in Malaysia, the Philippines, China, and the United States.
– ASE Technology Holding Co Ltd ($TWSE:3711)
The company’s market cap is 400.9B as of 2022 and its ROE is 23.11%. The company is engaged in the business of developing, manufacturing and selling semiconductor products.
– Vate Technology Corp Ltd ($TPEX:5344)
Vate Technology Corp Ltd is a publicly traded company with a market capitalization of 1.41 billion as of 2022. The company has a return on equity of 1.79%. Vate Technology Corp Ltd is a leading provider of technology solutions and services. The company offers a wide range of products and services including software development, web development, e-commerce solutions, and IT consulting.
Summary
Amkor Technology is an emerging technology company. Recent insider sell activity suggests that the company’s stability may be wavering. This indicates that Rutten does not believe the stock will continue to rise in value. For investors considering investing in Amkor Technology, it is suggested that they do further research and consider the current market conditions before making any decisions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
