EP Wealth Advisors LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,835 shares of the semiconductor company's stock, valued at approximately $3,263,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Amkor Technology during the second quarter worth about $1,060,005,000. AQR Capital Management LLC grew its holdings in shares of Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company's stock worth $119,607,000 after buying an additional 653,489 shares during the last quarter. State Street Corp grew its holdings in shares of Amkor Technology by 1.4% during the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company's stock worth $137,151,000 after buying an additional 47,514 shares during the last quarter. First Trust Advisors LP increased its position in Amkor Technology by 37.4% in the 4th quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company's stock valued at $107,477,000 after acquiring an additional 740,701 shares during the period. Finally, Principal Financial Group Inc. increased its position in Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock valued at $118,107,000 after acquiring an additional 423,629 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Amkor Technology
In other news, Director Winston J. Churchill sold 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares of the company's stock, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $59.78, for a total value of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares of the company's stock, valued at $2,325,681.12. This represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 50,221 shares of company stock worth $3,059,887. 26.40% of the stock is currently owned by company insiders.
Amkor Technology Stock Down 1.2%
Shares of NASDAQ:AMKR opened at $50.26 on Friday. Amkor Technology, Inc. has a fifty-two week low of $23.22 and a fifty-two week high of $96.68. 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's 50-day simple moving average is $66.41 and its 200-day simple moving average is $61.06. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 22.54 and a beta of 2.24.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts predict that Amkor Technology, Inc. will post 2.62 earnings per share for the current year.
Amkor Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology's payout ratio is presently 14.80%.
Wall Street Analyst Weigh In
Several analysts have commented on AMKR shares. Morgan Stanley upped their price objective on Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 28th. UBS Group upgraded Amkor Technology from a "neutral" rating to a "buy" rating and lifted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. B. Riley Financial dropped their target price on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock 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, Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Amkor Technology presently has an average rating of "Moderate Buy" and a consensus target price of $68.12.
Read Our Latest Research Report on AMKR
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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