CFO of Amkor Technology Sells $114420 in Stock

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Amkor Technology ($NASDAQ:AMKR) is a leading provider of advanced packaging and semiconductor assembly and test services. The company offers a wide range of packaging and test solutions for customers in the semiconductor industry. Amkor has a strong track record of providing high-quality services to its customers. The CFO of Amkor Technology sold 6000 shares of common stock at $19.07 per share on October. This represents a total value of $114420.00. Amkor Technology is a publicly traded company, and the CFO’s sale of stock may be due to personal financial considerations.

However, the sale could also be part of a larger plan by the company to raise capital.

Price History

On Monday, shares of Amkor Technology opened at $17.80 and closed at $17.40, down 3.2% from the prior closing price of $17.90. This is not the first time that Blalock has sold Amkor stock this year. Amkor has been struggling in recent years, and the company has been looking for ways to turn things around.

It’s unclear why Blalock is selling his shares, but it could be a sign that he is not confident in the company’s future. Amkor is facing stiff competition from other semiconductor companies, and it remains to be seen if the company will be able to continue to compete in the industry. Live Quote…

About the Company

VI Analysis

AMKOR Technology is a provider of outsourced semiconductor packaging and test services. The company’s fundamentals reflect its long term potential, and the VI Star Chart shows that AMKOR Technology is strong in growth, and medium in asset, dividend, and profitability. AMKOR Technology is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. What type of investors may be interested in such a company? AMKOR Technology has a high health score of 8/10, considering its cashflows and debt. This means that the company is capable of paying off its debt and funding future operations. More…

VI 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

The CFO of Amkor Technology sold $114420 in stock on a day when the stock price moved down. This could be interpreted as a sign that the CFO believes that the stock is overvalued and is selling while the price is still high. Alternatively, it could be a sign that the CFO is bearish on the company’s prospects and is selling before the stock price falls further. Either way, this would not be a good time to invest in Amkor Technology.