Ieq Capital LLC Sells 15,345 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Ieq Capital LLC reduced its stake in Amkor Technology by 32.6%, selling 15,345 shares in the first quarter, bringing their total holdings to 31,773 shares valued at $574,000.
• Amkor Technology reported a quarterly EPS of $0.22, exceeding estimates of $0.16, with revenues of $1.51 billion marking a year-over-year increase of 3.4%.
• The company declared a quarterly dividend of $0.0827 per share, reflecting an annualized dividend of $0.33 and a yield of 1.4%.

Ieq Capital LLC cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,773 shares of the semiconductor company's stock after selling 15,345 shares during the period. Ieq Capital LLC's holdings in Amkor Technology were worth $574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Amkor Technology during the 1st quarter valued at $27,000. UMB Bank n.a. lifted its stake in shares of Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after buying an additional 1,530 shares during the last quarter. Allworth Financial LP increased its holdings in Amkor Technology by 166.3% in the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after buying an additional 1,357 shares during the period. AlphaQuest LLC bought a new stake in Amkor Technology during the 1st quarter worth about $53,000. Finally, Versant Capital Management Inc raised its position in shares of Amkor Technology by 467.7% in the 1st quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock valued at $54,000 after acquiring an additional 2,479 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder John T. Kim bought 441,589 shares of the company's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the acquisition, the insider owned 3,789,479 shares in the company, valued at $82,800,116.15. This trade represents a 13.19% increase 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 the firm's stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $21.85 per share, for a total transaction of $9,648,719.65. Following the transaction, the insider owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. 26.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMKR shares. JPMorgan Chase & Co. boosted their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Needham & Company LLC boosted their target price on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" 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. Wall Street Zen upgraded Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday. Finally, B. Riley increased 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.44.

Amkor Technology Stock Performance

AMKR stock traded up $0.18 during midday trading on Monday, reaching $24.82. The company had a trading volume of 1,380,030 shares, compared to its average volume of 2,119,357. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $32.47. The firm has a market capitalization of $6.13 billion, a PE ratio of 20.17 and a beta of 1.96. The stock has a 50 day moving average price of $22.83 and a 200 day moving average price of $20.23. 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 (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter in the prior year, the company earned $0.27 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company 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 dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 26.83%.

Amkor Technology 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.