Wellington Management Group LLP Sells 1,052,356 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Wellington Management Group LLP cut its stake in Amkor Technology by 68.8%, owning 476,992 shares worth $8.6 million after selling over 1 million shares in the first quarter.
• Amkor reported a net revenue of $1.51 billion for the last quarter, surpassing analyst estimates of $1.42 billion, and reported earnings of $0.22 per share.
• The company recently announced a quarterly dividend of $0.0827 per share, with a dividend yield of 1.3%.

Wellington Management Group LLP cut its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 68.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,992 shares of the semiconductor company's stock after selling 1,052,356 shares during the period. Wellington Management Group LLP owned 0.19% of Amkor Technology worth $8,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Amkor Technology during the first quarter valued at approximately $27,000. UMB Bank n.a. raised its position in Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares during the period. Allworth Financial LP raised its position in Amkor Technology by 166.3% during the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,357 shares during the period. Versant Capital Management Inc raised its position in Amkor Technology by 467.7% during the first quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 2,479 shares during the period. Finally, Palouse Capital Management Inc. raised its position in Amkor Technology by 52.2% during the first quarter. Palouse Capital Management Inc. now owns 4,010 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 1,375 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Down 1.2%

NASDAQ:AMKR traded down $0.29 during midday trading on Tuesday, hitting $23.90. The stock had a trading volume of 1,412,029 shares, compared to its average volume of 1,786,953. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $32.47. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 19.43 and a beta of 1.96. The stock has a 50-day moving average of $22.64 and a 200 day moving average of $20.22. 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 announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping 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 firm earned $0.27 earnings per share. Amkor Technology's revenue was up 3.4% compared to the same quarter last year. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd will be paid a $0.0827 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.33 annualized dividend and a yield of 1.4%. Amkor Technology's dividend payout ratio is 26.83%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of recent research reports. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target on the stock. Needham & Company LLC increased their price target on Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. B. Riley increased their price target on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, UBS Group increased their price target on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a report 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 a consensus rating of "Hold" and an average target price of $26.44.

Insider Buying and Selling

In other Amkor Technology news, EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $562,665.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Sujoda Management, Llc bought 441,589 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the transaction, the insider directly owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. 26.90% of the stock is owned by insiders.

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.