Amkor Technology, Inc. $AMKR Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Amkor Technology by 21.0%, selling 855,898 shares and retaining a total of approximately 3.2 million shares valued at $58.25 million.
• Amkor Technology's major shareholders, including Sujoda Management and John T. Kim, both purchased 441,589 shares at an average price of $21.85, increasing their holdings by 13.19%.
• Recent analyst ratings show a consensus rating of "Hold" for Amkor Technology, with target prices ranging from $20.00 to $28.00.

Alliancebernstein L.P. lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 21.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,225,583 shares of the semiconductor company's stock after selling 855,898 shares during the period. Alliancebernstein L.P. owned about 1.31% of Amkor Technology worth $58,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMKR. AQR Capital Management LLC grew its stake in shares of 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. Advisors Asset Management Inc. grew its stake in shares of Amkor Technology by 61.8% in the first 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 in the last quarter. Royal Bank of Canada grew its stake in shares of Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock worth $349,000 after acquiring an additional 3,454,012 shares in the last quarter. Quarry LP grew its stake in Amkor Technology by 141.2% during the 1st quarter. Quarry LP now owns 3,679 shares of the semiconductor company's stock worth $66,000 after purchasing an additional 2,154 shares in the last quarter. Finally, Twin Tree Management LP grew its holdings in Amkor Technology by 164.4% during the 1st quarter. Twin Tree Management LP now owns 43,211 shares of the semiconductor company's stock worth $780,000 after acquiring an additional 110,357 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of AMKR stock traded down $0.03 during trading hours on Friday, hitting $25.35. The stock had a trading volume of 598,686 shares, compared to its average volume of 2,129,607. The firm has a market capitalization of $6.26 billion, a PE ratio of 20.59 and a beta of 1.96. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $32.47. The stock's 50 day moving average is $23.09 and its 200 day moving average is $20.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70.

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

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.0827 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.33 annualized dividend and a dividend yield of 1.3%. Amkor Technology's dividend payout ratio is 26.83%.

Insider Buying and Selling at Amkor Technology

In other news, EVP Farshad Haghighi sold 11,792 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total transaction of $294,800.00. Following the completion of the sale, the executive vice president owned 8,354 shares in the company, valued at approximately $208,850. This represents a 58.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John T. Kim bought 441,589 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Company insiders own 26.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. UBS Group upped their price objective on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, B. Riley upped their price target on Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Amkor Technology currently has an average rating of "Hold" and an average price target of $26.44.

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.