Hsbc Holdings PLC Sells 16,948 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Hsbc Holdings PLC has reduced its holdings in Amkor Technology, Inc. by 49.6%, now owning 17,227 shares after selling 16,948 shares during the first quarter.
• Several analysts have recently modified their ratings for Amkor, with B. Riley increasing the target price from $18.00 to $24.00 and Needham raising it to $28.00, while Goldman Sachs issued a "neutral" rating.
• Amkor Technology announced a quarterly dividend of $0.0827 set to be paid on September 23rd, which represents an annualized yield of 1.4% and a payout ratio of 26.83%.

Hsbc Holdings PLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 49.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,227 shares of the semiconductor company's stock after selling 16,948 shares during the period. Hsbc Holdings PLC's holdings in Amkor Technology were worth $311,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMKR. SW Investment Management LLC grew its holdings in shares of Amkor Technology by 89.3% in the first quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company's stock valued at $47,859,000 after acquiring an additional 1,250,000 shares in the last quarter. UG Investment Advisers Ltd. bought a new position in shares of Amkor Technology in the first quarter valued at approximately $21,057,000. Invesco Ltd. grew its holdings in shares of Amkor Technology by 201.4% in the first quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company's stock valued at $24,647,000 after acquiring an additional 911,886 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Amkor Technology by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 1,529,348 shares of the semiconductor company's stock valued at $39,289,000 after acquiring an additional 395,242 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Amkor Technology by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 13,398,430 shares of the semiconductor company's stock valued at $241,980,000 after purchasing an additional 365,975 shares during the period. 42.76% of the stock is owned by institutional investors.

Insider Activity at Amkor Technology

In related news, major shareholder Sujoda Management, Llc acquired 441,589 shares of Amkor Technology stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the purchase, the insider owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John T. Kim acquired 441,589 shares of Amkor Technology stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. 26.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several research reports. Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on 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 increased their target price on 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 began coverage on Amkor Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $20.00 target price on the stock. Finally, Wall Street Zen upgraded Amkor Technology from a "hold" rating to a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of "Hold" and a consensus price target of $26.44.

Amkor Technology Price Performance

Shares of AMKR stock traded up $0.23 on Tuesday, reaching $25.06. The company's stock had a trading volume of 894,604 shares, compared to its average volume of 2,117,479. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $32.47. The company has a market capitalization of $6.19 billion, a P/E ratio of 20.47 and a beta of 1.96. The stock's 50 day simple moving average is $22.91 and its 200-day simple moving average is $20.25.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share 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. Investors 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 yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 26.83%.

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.