Eventide Asset Management LLC Purchases Shares of 19,568 Amkor Technology, Inc. $AMKR

Key Points

• Eventide Asset Management LLC has made a new investment in Amkor Technology, Inc., acquiring 19,568 shares worth approximately $353,000 during the first quarter.
• Amkor Technology's stock increased by 2.1%, and the company recently posted quarterly earnings that exceeded analysts' expectations, reporting $0.22 earnings per share against a consensus estimate of $0.16.
• The company announced a quarterly dividend of $0.0827 per share, with a scheduled payment on September 23rd, resulting in an annualized yield of 1.4%.

Eventide Asset Management LLC acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,568 shares of the semiconductor company's stock, valued at approximately $353,000.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Amkor Technology by 61.8% during 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 last quarter. Transce3nd LLC boosted its stake in shares of Amkor Technology by 5.8% during the 1st quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company's stock worth $283,000 after acquiring an additional 864 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Amkor Technology by 6.4% during the 1st quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company's stock worth $264,000 after acquiring an additional 873 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Amkor Technology by 9.8% during the 1st quarter. Assetmark Inc. now owns 13,570 shares of the semiconductor company's stock worth $245,000 after acquiring an additional 1,208 shares in the last quarter. Finally, CSS LLC IL boosted its stake in shares of Amkor Technology by 9.4% during the 4th quarter. CSS LLC IL now owns 15,340 shares of the semiconductor company's stock worth $394,000 after acquiring an additional 1,320 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Price Performance

Shares of AMKR stock traded down $0.25 on Wednesday, hitting $24.62. 778,361 shares of the company's stock were exchanged, compared to its average volume of 2,123,955. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $32.47. The stock has a market cap of $6.08 billion, a P/E ratio of 20.08 and a beta of 1.96. The company has a 50 day moving average of $22.98 and a 200 day moving average of $20.28.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. On average, equities research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's payout ratio is 26.83%.

Analyst Upgrades and Downgrades

AMKR has been the subject of several recent analyst reports. Wall Street Zen upgraded Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. B. Riley raised their price target on Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Needham & Company LLC raised their target price on Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on Amkor Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $20.00 target price on the stock. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.44.

Insider Buying and Selling at Amkor Technology

In related news, major shareholder John T. Kim bought 441,589 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the acquisition, the insider owned 3,789,479 shares in the company, valued at $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $23.58, for a total value of $353,700.00. Following the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $562,665.96. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by corporate insiders.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.