12,424 Shares in Amkor Technology, Inc. $AMKR Acquired by Fortitude Advisory Group L.L.C.

Key Points

• Fortitude Advisory Group L.L.C. has acquired a new position in Amkor Technology, purchasing 12,424 shares valued at approximately $261,000.
• Multiple large investors have significantly increased their holdings in Amkor Technology, with Royal Bank of Canada and Invesco Ltd. boosting their positions by over 100%.
• Amkor Technology recently reported $0.22 EPS for the quarter, exceeding expectations and showing a year-over-year revenue increase of 3.4%.

Fortitude Advisory Group L.L.C. purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,424 shares of the semiconductor company's stock, valued at approximately $261,000.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock valued at $349,000 after buying an additional 3,454,012 shares in the last quarter. SW Investment Management LLC boosted its position in Amkor Technology by 89.3% in the first quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company's stock valued at $47,859,000 after buying an additional 1,250,000 shares in the last quarter. UG Investment Advisers Ltd. acquired a new stake in Amkor Technology in the first quarter valued at approximately $21,057,000. Invesco Ltd. boosted its position in Amkor Technology by 201.4% in the first quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company's stock valued at $24,647,000 after buying an additional 911,886 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Amkor Technology by 41.8% in the first quarter. AQR Capital Management LLC now owns 2,572,313 shares of the semiconductor company's stock valued at $45,967,000 after buying an additional 757,956 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 15,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares of the company's stock, valued at $562,665.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Farshad Haghighi sold 11,792 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total transaction of $294,800.00. Following the sale, the executive vice president directly owned 8,354 shares of the company's stock, valued at approximately $208,850. The trade was a 58.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,792 shares of company stock valued at $948,500 over the last quarter. 26.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMKR shares. JPMorgan Chase & Co. raised their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 target price on the stock. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. Needham & Company LLC raised their price target on shares of Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amkor Technology in a research note on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.44.

Amkor Technology Trading Down 0.9%

AMKR opened at $29.38 on Friday. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $31.72. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. The company has a market cap of $7.26 billion, a P/E ratio of 23.89 and a beta of 1.98. The company has a fifty day moving average price of $25.26 and a two-hundred day moving average price of $21.24.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.33 annualized dividend and a dividend yield of 1.1%. Amkor Technology's payout ratio is presently 26.83%.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

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