Bank of America Corp DE Makes New Investment in Amkor Technology, Inc. $AMKR

Key Points

• Bank of America initiated a new position in Amkor Technology during the second quarter, purchasing 265,073 shares worth approximately $22.9 million, or about 0.11% of the company.
• Analyst sentiment is generally positive: Amkor has a consensus “Moderate Buy” rating and an average price target of $68.33, compared with shares trading near $53.32.
• Amkor reported stronger-than-expected quarterly results, with EPS of $0.70 versus the $0.47 estimate and revenue of $1.90 billion, up 25.6% year over year. The company also paid a quarterly dividend of $0.0835 per share.

Bank of America Corp DE bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 265,073 shares of the semiconductor company's stock, valued at approximately $22,857,000. Bank of America Corp DE owned approximately 0.11% of Amkor Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 262 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of Amkor Technology during the 2nd quarter worth $43,000. Hollencrest Capital Management acquired a new position in shares of Amkor Technology during the 1st quarter worth $45,000. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Amkor Technology during the 2nd quarter worth $47,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMKR shares. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Zacks Research raised Amkor Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Bank of America assumed coverage on shares of Amkor Technology in a report on Thursday, August 27th. They issued a "buy" rating and a $70.00 target price for the company. Morgan Stanley lifted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 28th. Finally, B. Riley Financial cut their price objective on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. One 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 a consensus rating of "Moderate Buy" and a consensus price target of $68.33.

Insider Activity at Amkor Technology

In other Amkor Technology news, Director Douglas A. Alexander sold 5,000 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the sale, the director owned 29,109 shares in the company, valued at approximately $1,624,573.29. The trade was a 14.66% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $49.05, for a total transaction of $49,050.00. Following the transaction, 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 40,221 shares of company stock valued at $2,216,587 over the last three months. 26.40% of the stock is currently owned by company insiders.

Amkor Technology Stock Down 2.3%

Shares of NASDAQ AMKR opened at $53.32 on Thursday. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $13.25 billion, a PE ratio of 23.91, a P/E/G ratio of 0.67 and a beta of 2.22. The company's fifty day simple moving average is $52.92 and its 200 day simple moving average is $61.30. Amkor Technology, Inc. has a 12-month low of $28.03 and a 12-month high of $96.68.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.23. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business's quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts forecast that Amkor Technology, Inc. will post 2.6 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders 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 dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 2nd. Amkor Technology's dividend payout ratio is presently 14.80%.

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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