Quite a few insiders have substantially increased their Amkor Technology Corporation (NASDAQ:AMKR) over the past 12 months. Insiders’ optimism about the company’s prospects is a positive sign.
While insider trading is not the most important thing when it comes to long-term investing, logically you should be aware that insider trading is buying and selling stocks.
Check out our latest analysis for Amkor Technology
Amkor Technology Insider Trading Over the Last Year
The largest single purchase by an insider in the past 12 months was James Kim, executive chairman of the board, buying $92 million worth of stock at $24.68 a share. That means an insider finds the current price of $26.79 per share attractive. That means they have been optimistic about the company in the past, although they may have changed their minds. It’s a good sign of balance if someone buys a stock at a significant discount to the current price, but keep in mind they may no longer see value. Happily, Amkor Technology insiders have decided to buy shares at close to current prices.
While Amkor Technology insiders bought shares in the last year, they didn’t sell them. You can see last year’s insider transactions (by company and individual) in the table below. If you want to know exactly who sold, how much and when, just click the image below!
Insiders are always buying a lot of stock.So if that suits your style you can check each stock one by one or you can look at this free List of companies. (Hint: insiders have been buying them).
I like to see how much stake insiders own in a company to help understand how aligned they are with insiders. We generally like to see fairly high levels of insider ownership. Good to see that Amkor Technology insiders own 44% of the company worth around US$2.9b. This significant insider ownership often increases the likelihood that the company will operate in the interest of all shareholders.
So what does this data tell Amkor Technology Insiders?
There hasn’t been any insider trading in the past three months — which doesn’t mean much. On the plus side, last year’s deals were encouraging. Judging by their deals and high insider ownership, Amkor Technology insiders are optimistic about the future of the company. While we like to understand insider ownership and trading, we must also consider the risks to a stock before making any investment decisions.Case in point: we found 1 Amkor Technology warning sign You should know.
But please note: Amkor Technology Might Not Be the Best Stock. so look at this free List of interesting companies with high return on equity and low debt.
For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.
What are the risks and opportunities Amkor Technology?
P/E ratio (8x) is lower than US market (14.5x)
Earnings up 47.9% over the past year
Expected revenue to decline by an average of 2.7% per year over the next 3 years
View all risks and rewards
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This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.