On October 15, 2024, Rutten Guillaume Marie Jean, President and CEO of Amkor Technology Inc (AMKR, Financial), executed a sale of 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 204,971 shares in the company.
Amkor Technology Inc (AMKR, Financial) is a provider of semiconductor packaging and test services. Its solutions primarily cater to the electronics industry, where it plays a crucial role in the supply chain by offering advanced packaging and testing services for semiconductor chips.
Over the past year, the insider has sold a total of 203,125 shares and has not made any purchases. This recent sale continues a trend observed over the past year, where there have been 25 insider sells and no insider buys.
Shares of Amkor Technology Inc were priced at $31.51 on the day of the transaction. The company's market cap is approximately $7.63 billion. The price-earnings ratio stands at 20.23, which is below the industry median of 32.37, indicating a potentially lower valuation relative to its peers.
The stock's valuation according to the GF Value is $24.59, leading to a price-to-GF-Value ratio of 1.28. This suggests that Amkor Technology Inc is modestly overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider selling event might be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
