Amkor Technology, Inc. $AMKR Stake Lessened by Hancock Whitney Corp

Hancock Whitney Corp trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 53.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,210 shares of the semiconductor company's stock after selling 11,555 shares during the period. Hancock Whitney Corp's holdings in Amkor Technology were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 854 shares during the last quarter. Transce3nd LLC grew its stake in Amkor Technology by 5.8% in the 1st quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company's stock valued at $283,000 after acquiring an additional 864 shares during 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 purchasing an additional 873 shares during 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 purchasing an additional 1,208 shares during 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 purchasing an additional 1,320 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMKR. Wall Street Zen raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. UBS Group raised their target price on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 target price on the stock. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a research report 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. According to MarketBeat, Amkor Technology has an average rating of "Hold" and a consensus target price of $26.44.

Insider Buying and Selling at Amkor Technology

In other news, EVP Farshad Haghighi sold 11,792 shares of Amkor Technology stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total transaction of $294,800.00. Following the sale, the executive vice president owned 8,354 shares in the company, valued at $208,850. This trade represents a 58.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder John T. Kim acquired 441,589 shares of the company's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $21.85 per share, for a total transaction of $9,648,719.65. Following the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 26.90% of the company's stock.

Amkor Technology Trading Up 0.3%

AMKR stock traded up $0.08 during midday trading on Friday, reaching $25.46. 1,628,107 shares of the company's stock traded hands, compared to its average volume of 1,827,875. The company has a market capitalization of $6.29 billion, a P/E ratio of 20.70 and a beta of 1.96. 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 fifty-two week low of $14.03 and a fifty-two week high of $32.47. The business has a 50-day moving average price of $23.16 and a two-hundred day moving average price of $20.35.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share 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 analysts' expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. Amkor Technology's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Equities research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Announces Dividend

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