Headlands Technologies LLC Takes $4.52 Million Position in Amkor Technology, Inc. $AMKR

Key Points

• Headlands Technologies acquired 52,426 Amkor Technology shares worth approximately $4.52 million in the second quarter. Institutional investors collectively own 42.76% of the company.
• Amkor reported stronger-than-expected quarterly results, with EPS of $0.70 versus the $0.47 consensus and revenue of $1.90 billion, up 25.6% year over year. The company issued third-quarter EPS guidance of $0.72–$0.82.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $68.33. Amkor also declared a quarterly dividend of $0.0835 per share, representing a 0.7% annualized yield.

Headlands Technologies LLC purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 52,426 shares of the semiconductor company's stock, valued at approximately $4,521,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock worth $349,000 after buying an additional 3,454,012 shares in the last quarter. Advisors Asset Management Inc. grew its stake 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 acquiring an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company's stock valued at $136,000 after acquiring an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company's stock worth $9,476,000 after acquiring an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Amkor Technology during the first quarter worth about $271,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Activity

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of Amkor Technology stock in a transaction on Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the transaction, the director owned 29,109 shares in the company, valued at approximately $1,624,573.29. This trade represents a 14.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 50,221 shares of company stock worth $3,059,887 in the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $47.88 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a 1 year low of $23.36 and a 1 year high of $96.68. The stock has a fifty day moving average of $62.52 and a two-hundred day moving average of $61.21. The firm has a market capitalization of $11.90 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.47 by $0.23. The firm had revenue of $1.90 billion for 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%. Amkor Technology's quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, research analysts expect that Amkor Technology, Inc. will post 2.6 EPS for the current year.

Amkor Technology Announces Dividend

The company 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 $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology's dividend payout ratio is 14.80%.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of analyst reports. Zacks Research raised Amkor Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Morgan Stanley lifted their price objective on Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. Bank of America started coverage on Amkor Technology in a research report on Thursday. They issued a "buy" rating and a $70.00 target price on the stock. Weiss Ratings upgraded Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and raised their price target for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.33.

About Amkor Technology

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.

Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source