Bank of America Corp DE lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,541 shares of the semiconductor company's stock after selling 50,703 shares during the period. Bank of America Corp DE owned about 0.11% of Amkor Technology worth $12,318,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AMKR. Fisher Asset Management LLC grew its position in Amkor Technology by 204.5% during the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock valued at $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. UBS Group AG grew its holdings in shares of Amkor Technology by 205.5% during the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company's stock valued at $49,534,000 after acquiring an additional 843,983 shares in the last quarter. Black Swift Group LLC purchased a new position in shares of Amkor Technology during the 4th quarter valued at $797,000. Jefferies Financial Group Inc. acquired a new position in shares of Amkor Technology in the fourth quarter worth $841,000. Finally, Weiss Asset Management LP raised its holdings in shares of Amkor Technology by 263.6% during the first quarter. Weiss Asset Management LP now owns 300,000 shares of the semiconductor company's stock worth $13,509,000 after acquiring an additional 217,484 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.
Insider Transactions at Amkor Technology
In other news, Director Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total value of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares in the company, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin K. Engel sold 3,221 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the sale, the chief executive officer owned 9,666 shares of the company's stock, valued at approximately $454,302. The trade was a 24.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 50,221 shares of company stock worth $3,059,887. Corporate insiders own 26.40% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. B. Riley Financial reduced their price objective on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, April 28th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.12.
Read Our Latest Report on AMKR
Amkor Technology Stock Performance
AMKR opened at $50.26 on Friday. The company has a market cap of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24. The stock has a 50-day moving average of $66.41 and a 200-day moving average of $61.06. Amkor Technology, Inc. has a 52-week low of $23.22 and a 52-week high of $96.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm's revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 2.62 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 22nd. Investors of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology's dividend payout ratio (DPR) is presently 14.80%.
Amkor Technology Profile
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Free Report)
Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
Further Reading
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