Jacobs Levy Equity Management Inc. Boosts Stake in Amkor Technology, Inc. $AMKR

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its stake in Amkor Technology by 111.4%, now owning 1,426,515 shares valued at approximately $25.76 million.
• Amkor Technology reported a quarterly earnings per share (EPS) of $0.22, surpassing analysts' expectations, with revenue of $1.51 billion, up 3.4% year-over-year.
• The company announced a quarterly dividend of $0.0827 per share, which will yield 1.3% annually, reflecting a payout ratio of 26.83%.

Jacobs Levy Equity Management Inc. grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 111.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,426,515 shares of the semiconductor company's stock after buying an additional 751,730 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.58% of Amkor Technology worth $25,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in Amkor Technology by 16.2% in the 4th quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock valued at $23,003,000 after acquiring an additional 124,671 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Amkor Technology in the 4th quarter valued at $245,000. Deutsche Bank AG lifted its stake in shares of Amkor Technology by 43.5% in the 4th 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. Lazard Asset Management LLC lifted its stake in shares of Amkor Technology by 60.9% in the 4th quarter. Lazard Asset Management LLC now owns 75,787 shares of the semiconductor company's stock valued at $1,945,000 after purchasing an additional 28,698 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Amkor Technology by 752.1% in the 4th quarter. Millennium Management LLC now owns 61,190 shares of the semiconductor company's stock valued at $1,572,000 after purchasing an additional 54,009 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Trading Up 1.2%

Shares of Amkor Technology stock traded up $0.30 during trading on Thursday, hitting $25.09. The company's stock had a trading volume of 862,234 shares, compared to its average volume of 2,128,767. 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 52 week low of $14.03 and a 52 week high of $32.47. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 20.39 and a beta of 1.96. The stock has a 50-day moving average price of $23.03 and a two-hundred day moving average price of $20.31.

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 the consensus estimate of $0.16 by $0.06. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business 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 of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 26.83%.

Analyst Upgrades and Downgrades

AMKR has been the topic of several research analyst reports. Wall Street Zen raised Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Morgan Stanley reiterated an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. The Goldman Sachs Group began coverage on Amkor Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $20.00 target price for the company. B. Riley lifted their price target on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, UBS Group raised their price objective 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. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.44.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, EVP Farshad Haghighi sold 11,792 shares of the firm'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 completion of the transaction, the executive vice president directly owned 8,354 shares of the company's stock, valued at $208,850. This trade represents a 58.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark N. Rogers sold 15,000 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 23,862 shares of the company's stock, valued at approximately $562,665.96. The trade was a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 26.90% of the company's stock.

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.