Deutsche Bank AG Acquires New Holdings in Amkor Technology, Inc. $AMKR

Key Points

• Deutsche Bank acquired 89,323 Amkor Technology shares worth approximately $7.7 million in the second quarter. Several other institutional investors also increased or initiated positions, with institutions collectively owning 42.76% of the company.
• Analysts maintain a generally positive outlook, with Amkor carrying a consensus “Moderate Buy” rating and an average price target of $68.12; individual targets range up to $90.
• Amkor exceeded quarterly expectations, reporting $0.70 in EPS and $1.90 billion in revenue, up 25.6% year over year. The company also declared a quarterly dividend of $0.0835 per share, representing an annualized yield of about 0.7%.

Deutsche Bank AG bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,323 shares of the semiconductor company's stock, valued at approximately $7,702,000.

Several other hedge funds also recently modified their holdings of AMKR. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock valued at $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock worth $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. Norges Bank bought a new stake in Amkor Technology in the fourth quarter worth $53,702,000. Arrowstreet Capital Limited Partnership increased its position in Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company's stock worth $44,719,000 after buying an additional 1,186,313 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Amkor Technology during the second quarter worth $90,656,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMKR. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Morgan Stanley boosted their target price on 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 raised Amkor Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. The Goldman Sachs Group increased their price target on Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Amkor Technology in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.12.

Amkor Technology Stock Performance

Amkor Technology stock opened at $50.26 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The business's 50-day simple moving average is $66.41 and its 200-day simple moving average is $61.15. The firm has a market capitalization of $12.49 billion, a PE ratio of 22.54 and a beta of 2.25. Amkor Technology, Inc. has a 52 week low of $23.22 and a 52 week 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 for the quarter, topping the consensus estimate of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. The firm's revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts forecast that Amkor Technology, Inc. will post 2.62 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.0835 per share. The ex-dividend date 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%.

Insider Activity at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 25,000 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director owned 486,732 shares of the company's stock, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Winston J. Churchill sold 5,000 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the transaction, the director owned 28,781 shares of the company's stock, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 50,221 shares of company stock valued at $3,059,887. 26.40% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source