Hancock Whitney Corp Reduces Stock Holdings in Amkor Technology, Inc. $AMKR

Hancock Whitney Corp lessened its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 53.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,210 shares of the semiconductor company's stock after selling 11,555 shares during the quarter. Hancock Whitney Corp's holdings in Amkor Technology were worth $184,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMKR. Northern Trust Corp increased its holdings in Amkor Technology by 16.2% during the fourth quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock valued at $23,003,000 after buying an additional 124,671 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amkor Technology during the fourth quarter valued at $245,000. Deutsche Bank AG grew its holdings in Amkor Technology by 43.5% during the fourth quarter. Deutsche Bank AG now owns 19,174 shares of the semiconductor company's stock valued at $493,000 after purchasing an additional 5,816 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Amkor Technology by 110.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 674,785 shares of the semiconductor company's stock worth $17,335,000 after buying an additional 354,457 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of Amkor Technology by 60.9% during the 4th quarter. Lazard Asset Management LLC now owns 75,787 shares of the semiconductor company's stock valued at $1,945,000 after buying an additional 28,698 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMKR. Needham & Company LLC increased their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. B. Riley lifted their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Amkor Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target for the company. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and a consensus target price of $26.44.

Insider Buying and Selling at Amkor Technology

In related news, EVP Farshad Haghighi sold 11,792 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total value of $294,800.00. Following the sale, the executive vice president owned 8,354 shares in the company, valued at approximately $208,850. The trade was a 58.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the transaction, the executive vice president owned 23,862 shares of the company's stock, valued at $562,665.96. This trade 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 Price Performance

Shares of AMKR traded up $0.09 during midday trading on Friday, hitting $25.47. 988,236 shares of the company traded hands, compared to its average volume of 2,131,718. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 20.71 and a beta of 1.96. The firm has a 50 day moving average of $23.09 and a 200-day moving average of $20.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $32.47.

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

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 26.83%.

About Amkor Technology

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.