Bank of New York Mellon Corp Acquires Shares of 1,051,327 Amkor Technology, Inc. $AMKR

Bank of New York Mellon Corp purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,051,327 shares of the semiconductor company's stock, valued at approximately $90,656,000. Bank of New York Mellon Corp owned approximately 0.42% of Amkor Technology as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company's stock worth $27,000 after buying an additional 447 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 440 shares during the period. Root Financial Partners LLC grew its holdings in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock worth $37,000 after buying an additional 262 shares during the last quarter. CoreCap Advisors LLC raised its position in Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 854 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Wall Street Analyst Weigh In

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

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $47.90 on Tuesday. The firm has a market cap of $11.90 billion, a PE ratio of 21.48 and a beta of 2.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a twelve month low of $23.36 and a twelve month high of $96.68. The business has a fifty day moving average of $65.66 and a 200-day moving average of $61.17.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology's payout ratio is currently 14.80%.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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, August 11th. The stock was sold at an average price of $54.45, for a total transaction of $54,450.00. Following the transaction, the chief financial officer owned 135,105 shares in the company, valued at approximately $7,356,467.25. The trade was a 0.73% 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 50,221 shares of company stock valued at $3,059,887 over the last 90 days. 26.40% of the stock is owned by company insiders.

Amkor Technology 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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