Engineers Gate Manager LP Reduces Position in Amkor Technology, Inc. $AMKR

Key Points

• Engineers Gate Manager LP cut its Amkor Technology position by 74.5% in the second quarter, selling 110,606 shares and retaining 37,955 shares valued at approximately $3.27 million.
• Other institutional investors made significant moves, including BlackRock’s new $1.06 billion position and California State Teachers Retirement System’s 8,553% stake increase. Institutions collectively own 42.76% of Amkor’s shares.
• Amkor reported stronger-than-expected quarterly results, with $0.70 in EPS and $1.90 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $68.33.

Engineers Gate Manager LP trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 74.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,955 shares of the semiconductor company's stock after selling 110,606 shares during the quarter. Engineers Gate Manager LP's holdings in Amkor Technology were worth $3,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMKR. BlackRock Inc. bought a new position in shares of Amkor Technology in the second quarter worth about $1,060,005,000. California State Teachers Retirement System increased its stake in Amkor Technology by 8,553.4% in the 2nd quarter. California State Teachers Retirement System now owns 12,389,699 shares of the semiconductor company's stock worth $1,068,364,000 after buying an additional 12,246,521 shares during the period. Royal Bank of Canada lifted its holdings in 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 buying an additional 3,454,012 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Amkor Technology in the 2nd quarter valued at about $152,110,000. Finally, Fisher Asset Management LLC boosted its position in Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock valued at $82,712,000 after buying an additional 1,407,109 shares during the period. 42.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Amkor Technology

In related news, CEO Kevin K. Engel sold 3,221 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the completion of the transaction, the chief executive officer owned 9,666 shares in the company, valued at $454,302. The trade was a 24.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas A. Alexander sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 29,109 shares of the company's stock, valued at $1,624,573.29. The trade was a 14.66% 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. In the last quarter, insiders sold 45,221 shares of company stock valued at $2,647,637. 26.40% of the stock is currently owned by corporate insiders.

Amkor Technology Price Performance

Amkor Technology stock opened at $51.73 on Monday. 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 $12.85 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.64 and a beta of 2.22. The business has a fifty day moving average of $55.93 and a two-hundred day moving average of $61.16. Amkor Technology, Inc. has a twelve month low of $24.97 and a twelve month high of $96.68.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced 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 business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $0.22 EPS. The business'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. On average, 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 will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0835 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. Amkor Technology's payout ratio is currently 14.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMKR. Morgan Stanley upped their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 28th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. 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 report on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, UBS Group upgraded Amkor Technology from a "neutral" rating to a "buy" rating and upped their target price for the stock from $80.00 to $90.00 in a report on Friday, July 24th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.33.

Amkor Technology Profile

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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