M & L Capital Management Ltd Buys 46,000 Shares of Amkor Technology, Inc. $AMKR

Key Points

• M & L Capital Management more than doubled its Amkor Technology stake in the third quarter, purchasing 46,000 additional shares to hold 87,000 shares valued at approximately $4.56 million. Institutional investors collectively own 42.76% of the company.
• Amkor’s third-quarter revenue rose slightly year over year to $1.99 billion, while EPS increased to $0.76, supported by AI-related computing demand and record automotive revenue. However, results fell short of analyst estimates amid weakness in communications and smartphones.
• Analysts maintain a consensus “Hold” rating with an average price target of $62.50, though several firms recently reduced targets following weaker-than-expected guidance. The company also pays a quarterly dividend of $0.0835, yielding about 0.8%.

M & L Capital Management Ltd grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 112.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,000 shares of the semiconductor company's stock after buying an additional 46,000 shares during the quarter. Amkor Technology accounts for about 0.9% of M & L Capital Management Ltd's portfolio, making the stock its 19th largest holding. M & L Capital Management Ltd's holdings in Amkor Technology were worth $4,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in Amkor Technology by 12.5% during the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company's stock worth $55,000 after acquiring an additional 135 shares during the period. Arista Wealth Management LLC lifted its holdings in Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company's stock valued at $1,176,000 after acquiring an additional 157 shares during the period. CoreCap Advisors LLC lifted its holdings in Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 158 shares during the period. Strs Ohio boosted its position in Amkor Technology by 8.6% in the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company's stock worth $134,000 after purchasing an additional 235 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Amkor Technology by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 34,189 shares of the semiconductor company's stock worth $2,948,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 8.5%

Shares of Amkor Technology stock opened at $39.94 on Wednesday. Amkor Technology, Inc. has a twelve month low of $29.50 and a twelve month high of $96.68. The business has a 50-day moving average price of $48.64 and a 200 day moving average price of $57.23. The firm has a market cap of $9.92 billion, a PE ratio of 16.10 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.04 billion. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, sell-side analysts expect that Amkor Technology, Inc. will post 2.60 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were given a $0.0835 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. Amkor Technology's payout ratio is 13.31%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of analyst reports. Bank of America started coverage on shares of Amkor Technology in a research note on Thursday, August 27th. They set a "buy" rating and a $70.00 price objective on the stock. UBS Group upgraded shares of Amkor Technology from a "neutral" rating to a "buy" rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. The Goldman Sachs Group set a $56.00 price target on shares of Amkor Technology in a report on Tuesday. Finally, Morgan Stanley dropped their price target on shares of Amkor Technology from $70.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.50.

Insiders Place Their Bets

In related news, CEO Kevin K. Engel sold 3,221 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the sale, the chief executive officer owned 9,666 shares of the company's stock, valued at approximately $454,302. The trade was a 24.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Giel Rutten sold 25,000 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the sale, the director directly owned 486,732 shares of the company's stock, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 46,221 shares of company stock valued at $2,538,507. 26.40% of the stock is owned by insiders.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor reported record Computing revenue, supported by AI-related demand. Automotive also reached a quarterly record, helping offset weakness in the Communications business. Amkor Technology Stock Is Gaining Tuesday: What's Going On?
• Positive Sentiment: A richer advanced-packaging mix lifted gross margin to 18.3% and operating margin to 11.3%. Net income reached $191 million, while EPS rose to $0.76 from $0.51 a year earlier. Amkor Technology Delivers $364M Gross Profit
• Positive Sentiment: Management highlighted AI-driven growth, capacity expansion and a planned $12 billion Arizona investment. Partnerships involving major semiconductor customers, including NVIDIA and TSMC, add to the longer-term strategic case. Amkor Q3 Earnings Call Highlights AI Growth and Capacity Expansion
• Neutral Sentiment: Amkor’s $1.99 billion quarterly revenue was essentially flat year over year. The results show improving profitability and growth in selected end markets, but not yet broad-based demand strength.
• Negative Sentiment: Third-quarter EPS of $0.76 and revenue of $1.99 billion fell short of estimates of approximately $0.78 and $2.04 billion. Communications weakness, particularly in smartphones, pressured the quarter. Amkor Q3 Earnings Miss Estimates Amid Communications Weakness
• Negative Sentiment: Fourth-quarter guidance was below consensus, prompting several analysts to reduce price targets. B. Riley cut its target to $41 and Morgan Stanley to $63; Needham lowered its target to $55 but retained a Buy rating. Analysts Slash Forecasts on Amkor Technology
• Negative Sentiment: Unusually heavy put-option activity and reported insider selling add to evidence of cautious near-term sentiment, although these signals are secondary to the earnings outlook.

Amkor Technology Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor's services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.

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