American Century Companies Inc. Raises Stake in Amkor Technology, Inc. $AMKR

Key Points

• American Century Companies Inc. has increased its stake in Amkor Technology by 8.4%, owning nearly 2.94 million shares valued at approximately $53 million.
• Amkor Technology reported earnings of $0.22 per share, surpassing estimates, and its revenue for the quarter reached $1.51 billion, reflecting a 3.4% year-over-year increase.
• The company has announced a quarterly dividend of $0.0827 per share, indicating a yield of 1.4%, set to be paid on September 23rd.

American Century Companies Inc. raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,937,593 shares of the semiconductor company's stock after acquiring an additional 228,591 shares during the period. American Century Companies Inc. owned approximately 1.19% of Amkor Technology worth $53,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMKR. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Amkor Technology by 15.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock worth $197,000 after purchasing an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Amkor Technology by 22.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock worth $379,000 after buying an additional 3,885 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Amkor Technology by 32.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock worth $403,000 after buying an additional 5,447 shares during the period. M&T Bank Corp grew its stake in shares of Amkor Technology by 36.9% in the first quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock valued at $954,000 after buying an additional 14,236 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Amkor Technology by 54.9% in the 1st quarter. GAMMA Investing LLC now owns 4,853 shares of the semiconductor company's stock valued at $88,000 after buying an additional 1,721 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMKR. DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective for the company. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. B. Riley increased their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.44.

Insiders Place Their Bets

In other news, EVP Mark N. Rogers sold 15,000 shares of Amkor Technology stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total transaction of $353,700.00. Following the sale, the executive vice president owned 23,862 shares in the company, valued at approximately $562,665.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Sujoda Management, Llc bought 441,589 shares of Amkor Technology stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the acquisition, the insider directly owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 26.90% of the company's stock.

Amkor Technology Stock Up 0.2%

Amkor Technology stock traded up $0.06 during mid-day trading on Monday, hitting $24.15. The company had a trading volume of 1,279,168 shares, compared to its average volume of 2,730,667. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $33.69. The business has a fifty day moving average of $22.17 and a 200 day moving average of $20.12. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 19.63 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, topping 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 net margin of 4.80% and a return on equity of 7.23%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. On average, sell-side analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 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.