Amkor Technology, Inc. $AMKR Stock Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,712 shares of the semiconductor company's stock after selling 33,823 shares during the period. Assenagon Asset Management S.A.'s holdings in Amkor Technology were worth $4,699,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Amkor Technology in the second quarter valued at approximately $1,060,005,000. Principal Financial Group Inc. increased its stake in Amkor Technology by 19.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock worth $118,107,000 after buying an additional 423,629 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Amkor Technology during the 2nd quarter worth approximately $152,110,000. Bank of New York Mellon Corp acquired a new stake in Amkor Technology during the 2nd quarter worth approximately $90,656,000. Finally, SG Americas Securities LLC lifted its holdings in Amkor Technology by 39.8% during the 1st quarter. SG Americas Securities LLC now owns 978,570 shares of the semiconductor company's stock worth $44,065,000 after buying an additional 278,521 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Price Performance

Shares of AMKR opened at $41.70 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. Amkor Technology, Inc. has a 1-year low of $29.50 and a 1-year high of $96.68. The stock has a market cap of $10.36 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.52 and a beta of 2.21. The firm has a fifty day moving average price of $50.29 and a 200 day moving average price of $61.92.

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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $0.22 earnings per share. The business's quarterly revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 2.60 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 2nd. Amkor Technology's dividend payout ratio (DPR) is presently 14.80%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMKR. Zacks Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. B. Riley Financial cut their price target on Amkor Technology from $65.00 to $46.00 and set a "neutral" rating on the stock in a report on Tuesday. Bank of America assumed coverage on Amkor Technology in a research report on Thursday, August 27th. They issued a "buy" rating and a $70.00 price target on the stock. Weiss Ratings upgraded Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, Morgan Stanley boosted their price objective on Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.22.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $2,325,681.12. This represents a 11.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $46.92, for a total transaction of $46,920.00. Following the transaction, the chief financial officer owned 133,105 shares in the company, valued at approximately $6,245,286.60. This trade represents a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 46,221 shares of company stock worth $2,538,507 in the last ninety days. Company insiders own 26.40% of the company's stock.

Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor's services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.

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