Baird Financial Group Inc. Trims Holdings in Amkor Technology, Inc. $AMKR

Baird Financial Group Inc. decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 95.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,396 shares of the semiconductor company's stock after selling 384,381 shares during the period. Baird Financial Group Inc.'s holdings in Amkor Technology were worth $1,673,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in Amkor Technology during the 2nd quarter worth about $1,060,005,000. Principal Financial Group Inc. increased its stake in Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock valued at $118,107,000 after buying an additional 423,629 shares during the period. Fisher Asset Management LLC raised its position in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock worth $82,712,000 after buying an additional 1,407,109 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Amkor Technology in the second quarter valued at approximately $152,110,000. Finally, Norges Bank purchased a new position in shares of Amkor Technology in the 4th quarter valued at about $53,702,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In related news, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.00, for a total value of $151,387.00. Following the transaction, the chief executive officer owned 9,666 shares of the company's stock, valued at approximately $454,302. This trade represents a 24.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $49.05, for a total value of $49,050.00. Following the sale, the chief financial officer owned 134,105 shares in the company, valued at approximately $6,577,850.25. The trade was a 0.74% decrease in their position. 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 a total of 40,221 shares of company stock valued at $2,216,587 over the last 90 days. 26.40% of the stock is owned by insiders.

Amkor Technology Price Performance

NASDAQ AMKR opened at $50.30 on Friday. Amkor Technology, Inc. has a 12 month low of $28.03 and a 12 month high of $96.68. The firm has a market capitalization of $12.50 billion, a PE ratio of 22.56, a P/E/G ratio of 0.59 and a beta of 2.22. The company's 50 day simple moving average is $53.80 and its 200 day simple moving average is $61.03. 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 (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.22 EPS. The firm's quarterly revenue was up 25.6% on a year-over-year basis. 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 2.6 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. Amkor Technology's payout ratio is 14.80%.

Analysts Set New Price Targets

A number of brokerages recently commented on AMKR. Zacks Research raised shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Amkor Technology in a report on Tuesday, July 28th. UBS Group raised Amkor Technology from a "neutral" rating to a "buy" rating and increased their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. B. Riley Financial reduced their price objective on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.33.

About Amkor Technology

Amkor Technology, Inc NASDAQ: AMKR is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.

Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.

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