Amkor Technology director sells $275,000 in AMKR shares
Amkor Technology director, Douglas A. Alexander, offloaded 5,000 shares of the company's stock on October 2, 2026, generating $275,000 from the sale. The shares were traded at $55.0 each before the stock price took a dip, currently at $49.12, marking a 12% decrease over the past week. Despite this short-term dip, the stock has showcased a remarkable 75% return over the past year.
The sale was made in accordance with a pre-established Rule 10b5-1 trading plan that Alexander put in place on May 8, 2026. Prior to this sale, Alexander bolstered his holdings by purchasing 5,000 shares on May 1, 2026, using stock options granted in May 2018. These options were exercised at a price of $8.51 per share, amounting to a total investment of $42,550.
As of the latest update, Alexander owns 29,109 shares of Amkor Technology common stock, along with 9,657 director stock options. The semiconductor company, valued at a market capitalization of $12.2 billion, trades with a P/E ratio of 21.96, according to InvestingPro analysis, which suggests the stock is fairly valued. This analysis includes Fair Value estimates and exclusive ProTips for AMKR.
In recent news, Amkor Technology delivered robust second-quarter 2026 results, surpassing analyst expectations. The company reported earnings of $0.70 per share on revenue of $1.9 billion, a 26% increase from the previous year, and a notable improvement in gross margin driven by higher factory utilization and a more favorable product mix. Despite this strong performance, the stock price has fallen, suggesting investor apprehension about the company's near-term outlook.
BofA Securities has recently taken a closer look at Amkor Technology, assigning the stock a Buy rating and setting a price target of $70.00. The firm's positive assessment is based on the increasing complexity in semiconductor packaging, growing demand for AI and high-performance computing, and U.S. supply-chain regionalization, all of which are seen as beneficial for the company's future prospects.
These factors highlight the multifaceted challenges and opportunities facing Amkor Technology as it navigates the dynamic semiconductor industry.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
