AQR Capital Management LLC Buys 757,956 Shares of Amkor Technology, Inc. $AMKR

Key Points

• AQR Capital Management LLC increased its stake in Amkor Technology by 41.8%, owning approximately 2,572,313 shares valued at $45.97 million after acquiring an additional 757,956 shares in Q1.
• Amkor Technology reported $0.22 earnings per share for the most recent quarter, surpassing analysts' expectations of $0.16, with quarterly revenue reaching $1.51 billion.
• The company declared a quarterly dividend of $0.0827 per share, with a dividend yield of 1.3%, to be paid on September 23rd.

AQR Capital Management LLC lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,572,313 shares of the semiconductor company's stock after purchasing an additional 757,956 shares during the quarter. AQR Capital Management LLC owned 1.04% of Amkor Technology worth $45,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMKR. Royal Bank of Canada grew its holdings in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock valued at $349,000 after purchasing an additional 3,454,012 shares during the last quarter. SW Investment Management LLC boosted its holdings in shares of Amkor Technology by 89.3% during the 1st quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company's stock valued at $47,859,000 after acquiring an additional 1,250,000 shares in the last quarter. UG Investment Advisers Ltd. acquired a new stake in shares of Amkor Technology during the 1st quarter valued at $21,057,000. Invesco Ltd. boosted its holdings in shares of Amkor Technology by 201.4% during the 1st quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company's stock valued at $24,647,000 after acquiring an additional 911,886 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Amkor Technology by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 1,529,348 shares of the semiconductor company's stock valued at $39,289,000 after acquiring an additional 395,242 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several recent research reports. The Goldman Sachs Group began coverage on Amkor Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. B. Riley upped their price objective on Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC upped their price objective on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.44.

Insider Transactions at Amkor Technology

In related 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 value of $353,700.00. Following the transaction, the executive vice president directly owned 23,862 shares of the company's stock, valued at approximately $562,665.96. The trade was a 38.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Sujoda Management, Llc purchased 441,589 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the acquisition, the insider directly owned 3,789,479 shares in the company, valued at $82,800,116.15. This trade represents 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 Trading Down 0.4%

Shares of AMKR stock traded down $0.09 during mid-day trading on Friday, hitting $25.29. The company's stock had a trading volume of 472,063 shares, compared to its average volume of 2,128,754. The company's fifty day simple moving average is $23.09 and its 200-day simple moving average is $20.33. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $32.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. The company has a market cap of $6.25 billion, a PE ratio of 20.57 and a beta of 1.96.

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, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 3rd. Amkor Technology's dividend payout ratio (DPR) 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.