Focus Partners Wealth Purchases 55,156 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Focus Partners Wealth increased its stake in Amkor Technology by 22.2%, owning 303,549 shares valued at approximately $5.48 million as of the latest reporting.
• Analysts have recently upgraded Amkor Technology's rating, with Needham & Company increasing the target price from $22.00 to $28.00, indicating a positive outlook for the stock.
• Amkor Technology reported a quarterly earnings of $0.22 EPS, exceeding expectations, and declared a quarterly dividend of $0.0827, reflecting an annual yield of 1.3%.

Focus Partners Wealth boosted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 22.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 303,549 shares of the semiconductor company's stock after acquiring an additional 55,156 shares during the quarter. Focus Partners Wealth owned 0.12% of Amkor Technology worth $5,482,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bayforest Capital Ltd boosted its position in Amkor Technology by 293.3% during the 1st quarter. Bayforest Capital Ltd now owns 9,338 shares of the semiconductor company's stock worth $169,000 after acquiring an additional 6,964 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Amkor Technology by 9.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 334,547 shares of the semiconductor company's stock worth $6,042,000 after purchasing an additional 27,511 shares in the last quarter. Aristeia Capital L.L.C. purchased a new stake in shares of Amkor Technology during the 1st quarter worth about $341,000. Caxton Associates LLP purchased a new stake in shares of Amkor Technology during the 1st quarter worth about $271,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company's stock worth $9,476,000 after purchasing an additional 222,107 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMKR shares. Wall Street Zen raised Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. The Goldman Sachs Group started coverage on Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 price target for the company. UBS Group raised their price target on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.44.

Insider Buying and Selling

In related news, major shareholder John T. Kim purchased 441,589 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the purchase, the insider directly owned 3,789,479 shares in the company, valued at $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of 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 position. The disclosure for this sale can be found here. 26.90% of the stock is owned by corporate insiders.

Amkor Technology Stock Performance

AMKR traded down $0.85 during midday trading on Friday, reaching $28.31. The company's stock had a trading volume of 5,194,975 shares, compared to its average volume of 2,087,125. The stock has a market cap of $7.00 billion, a P/E ratio of 23.02 and a beta of 1.96. The company has a fifty day simple moving average of $23.71 and a 200 day simple moving average of $20.58. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $32.47.

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

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio (DPR) is presently 26.83%.

Amkor Technology 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.