BlackRock Inc. purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,292,760 shares of the semiconductor company's stock, valued at approximately $1,060,005,000. BlackRock Inc. owned approximately 4.95% of Amkor Technology at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of 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. Arista Wealth Management LLC lifted its holdings in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company's stock worth $1,176,000 after buying an additional 157 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 158 shares during the last quarter. O Shaughnessy Asset Management LLC boosted 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 worth $387,000 after acquiring an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in 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 acquiring an additional 218 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amkor Technology
In related news, EVP Mark N. Rogers sold 5,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief executive officer directly owned 9,666 shares of the company's stock, valued at approximately $454,302. This represents a 24.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 50,221 shares of company stock valued at $3,059,887. Company insiders own 26.40% of the company's stock.
Amkor Technology Trading Down 1.2%
Amkor Technology stock opened at $50.26 on Friday. The stock has a 50-day moving average of $66.41 and a two-hundred day moving average of $61.06. 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 one year low of $23.22 and a one year high of $96.68. The stock has a market cap of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24.
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 for the quarter, topping analysts' consensus estimates of $0.47 by $0.23. The business 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%.The company's revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.
Amkor Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology's payout ratio is presently 14.80%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. Zacks Research upgraded Amkor Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. UBS Group upgraded Amkor Technology from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Finally, B. Riley Financial decreased their price target on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.12.
View Our Latest Research Report on Amkor Technology
Amkor Technology Company Profile
(
Free Report)
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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