675,782 Shares in Amkor Technology, Inc. $AMKR Bought by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia acquired 675,782 Amkor Technology shares during the second quarter, worth approximately $58.3 million and representing about 0.27% of the company. Institutional investors and hedge funds collectively own 42.76% of Amkor.
• Amkor reported stronger-than-expected quarterly results, with EPS of $0.70 versus a $0.47 consensus estimate and revenue of $1.90 billion, up 25.6% year over year. The company guided for third-quarter EPS of $0.72–$0.82.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $68.12, although recent insider sales and mixed target-price revisions provide some caution.

Bank of Nova Scotia acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 675,782 shares of the semiconductor company's stock, valued at approximately $58,273,000. Bank of Nova Scotia owned approximately 0.27% of Amkor Technology as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc boosted its position in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 440 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 262 shares in the last quarter. CoreCap Advisors LLC grew its position in Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 854 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $50.26 on Friday. Amkor Technology, Inc. has a 12-month low of $23.22 and a 12-month high of $96.68. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24. The stock has a 50-day moving average price of $66.41 and a 200-day moving average price of $61.06.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $0.22 earnings per share. Amkor Technology's quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts forecast that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology's payout ratio is 14.80%.

Insider Activity

In other news, CFO Megan Faust sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $54.45, for a total value of $54,450.00. Following the completion of the transaction, the chief financial officer directly owned 135,105 shares in the company, valued at approximately $7,356,467.25. This represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the transaction, the director directly owned 29,109 shares in the company, valued at approximately $1,624,573.29. This represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 50,221 shares of company stock valued at $3,059,887. 26.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. B. Riley Financial cut their target price on shares of Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Finally, UBS Group upgraded Amkor Technology from a "neutral" rating to a "buy" rating and lifted their price target for the company from $80.00 to $90.00 in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of "Moderate Buy" and a consensus price target of $68.12.

About Amkor Technology

Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.

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