Assenagon Asset Management S.A. Acquires 47,137 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Assenagon Asset Management increased its Amkor Technology stake by 61.7% in the second quarter, acquiring 47,137 shares and bringing its holdings to 123,535 shares valued at approximately $10.65 million. Institutional investors own 42.76% of AMKR.
• Analysts maintain a generally positive view, with Amkor receiving a “Moderate Buy” consensus rating and an average price target of $68.12. Recent targets range from $65 to $90.
• Amkor beat quarterly expectations with adjusted EPS of $0.70 versus $0.47 expected and revenue of $1.90 billion, up 25.6% year over year. However, insiders sold 45,221 shares worth about $2.85 million over the past three months.

Assenagon Asset Management S.A. grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 61.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,535 shares of the semiconductor company's stock after acquiring an additional 47,137 shares during the period. Assenagon Asset Management S.A.'s holdings in Amkor Technology were worth $10,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMKR. Bessemer Group Inc. boosted its stake in Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 135 shares during the period. CoreCap Advisors LLC grew its holdings in Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock valued at $38,000 after buying an additional 158 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company's stock valued at $387,000 after buying an additional 202 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company's stock valued at $1,430,000 after buying an additional 218 shares during the period. Finally, Evolve Private Wealth LLC lifted its holdings in shares of Amkor Technology by 3.0% in the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company's stock worth $343,000 after buying an additional 222 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Amkor Technology in a research report on Tuesday, July 28th. Zacks Research raised shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group increased their price objective on Amkor Technology from $43.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Amkor Technology has an average rating of "Moderate Buy" and an average target price of $68.12.

Insider Transactions at Amkor Technology

In related news, Director Winston J. Churchill sold 5,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the completion of the sale, the director owned 28,781 shares in the company, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin K. Engel sold 3,221 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the sale, the chief executive officer owned 9,666 shares of the company's stock, valued at $454,302. The trade was a 24.99% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 45,221 shares of company stock worth $2,850,237. Company insiders own 26.40% of the company's stock.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $52.87 on Tuesday. The company's fifty day moving average price is $69.64 and its 200-day moving average price is $60.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 23.71 and a beta of 2.25. Amkor Technology, Inc. has a one year low of $22.74 and a one year high of $96.68.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.23. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm's revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts anticipate that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology's dividend payout ratio is presently 14.80%.

Amkor Technology Company Profile

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.

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