Mirae Asset Global Investments Co. Ltd. raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,690 shares of the semiconductor company's stock after purchasing an additional 18,737 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.16% of Amkor Technology worth $8,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in AMKR. Caitong International Asset Management Co. Ltd acquired a new stake in Amkor Technology in the first quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Amkor Technology by 416.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 1,292 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Amkor Technology by 677.0% in the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares in the last quarter. Allworth Financial LP lifted its position in shares of Amkor Technology by 166.3% during the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,357 shares during the last quarter. Finally, 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 worth $40,000 after purchasing an additional 854 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Amkor Technology
In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief executive officer directly owned 358,007 shares of the company's stock, valued at $10,740,210. This represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Sujoda Management, Llc acquired 441,589 shares of Amkor Technology stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 36,792 shares of company stock worth $948,500. 26.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AMKR has been the topic of a number of analyst reports. Wall Street Zen upgraded Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. The Goldman Sachs Group began coverage on Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target for the company. 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 report on Tuesday, July 29th. Finally, Needham & Company LLC upped their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.44.
Get Our Latest Report on AMKR
Amkor Technology Trading Down 0.9%
Shares of Amkor Technology stock opened at $29.38 on Monday. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 23.89 and a beta of 1.98. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $31.72. The company's 50-day simple moving average is $25.26 and its 200-day simple moving average is $21.25. 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 (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, beating 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 analyst estimates of $1.42 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.
Amkor Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were issued a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 1.1%. Amkor Technology's dividend payout ratio (DPR) is 26.83%.
About Amkor Technology
(
Free Report)
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.
Further Reading
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