Aristeia Capital L.L.C. Acquires New Shares in Amkor Technology, Inc. $AMKR

Key Points

• Aristeia Capital L.L.C. has initiated a new position in Amkor Technology, purchasing 18,867 shares valued at approximately $341,000 during Q1.
• Amkor Technology recently reported earnings of $0.22 EPS for the quarter, exceeding analysts' expectations, with a revenue of $1.51 billion, showcasing a 3.4% year-over-year growth.
• The company has declared a quarterly dividend of $0.0827 per share, with an annualized yield of 1.3%, scheduled for payment on September 23rd.

Aristeia Capital L.L.C. acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,867 shares of the semiconductor company's stock, valued at approximately $341,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMKR. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Amkor Technology by 15.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock worth $197,000 after purchasing an additional 1,423 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Amkor Technology by 22.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock worth $379,000 after buying an additional 3,885 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Amkor Technology by 32.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock worth $403,000 after buying an additional 5,447 shares in the last quarter. M&T Bank Corp raised its stake in shares of Amkor Technology by 36.9% in the first quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock valued at $954,000 after acquiring an additional 14,236 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Amkor Technology by 54.9% in the 1st quarter. GAMMA Investing LLC now owns 4,853 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 1,721 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of recent analyst 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 target for the company. Needham & Company LLC raised 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. JPMorgan Chase & Co. lifted their price target on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. B. Riley increased their price objective on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.44.

Amkor Technology Trading Up 2.4%

Amkor Technology stock traded up $0.59 during trading hours on Thursday, reaching $25.38. 2,527,504 shares of the company's stock traded hands, compared to its average volume of 2,138,497. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 20.63 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $32.47. The firm's 50 day moving average is $23.03 and its 200-day moving average is $20.31.

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 for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. Amkor Technology's revenue for the quarter 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. On average, analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. Amkor Technology's dividend payout ratio is 26.83%.

Insider Buying and Selling

In related news, major shareholder Sujoda Management, Llc acquired 441,589 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John T. Kim bought 441,589 shares of the business's stock in a transaction 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 purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders own 26.90% of the company's stock.

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.