Northern Trust Corp Boosts Holdings in Amkor Technology, Inc. $AMKR

Key Points

• Northern Trust Corp increased its holdings in Amkor Technology by 6.4%, now owning 952,767 shares valued at approximately $17.2 million.
• Several hedge funds have significantly raised their positions in Amkor Technology, with SW Investment Management increasing their stake by 89.3%, owning 2.65 million shares worth about $47.9 million.
• Analysts have raised price targets for Amkor Technology, with JPMorgan increasing its target from $25 to $27 and Needham raising it to $28, reflecting positive expectations for the company.

Northern Trust Corp raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 952,767 shares of the semiconductor company's stock after purchasing an additional 57,354 shares during the period. Northern Trust Corp owned 0.39% of Amkor Technology worth $17,207,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. SW Investment Management LLC raised its position in shares of Amkor Technology by 89.3% during the 1st quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company's stock worth $47,859,000 after purchasing an additional 1,250,000 shares during the last quarter. UG Investment Advisers Ltd. purchased a new position in Amkor Technology during the first quarter worth $21,057,000. Invesco Ltd. raised 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 worth $24,647,000 after acquiring an additional 911,886 shares during the last quarter. Wellington Management Group LLP raised 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 worth $39,289,000 after acquiring an additional 395,242 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Amkor Technology by 2.8% in 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 acquiring an additional 365,975 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Morgan Stanley reiterated an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 price objective on the stock. Needham & Company LLC lifted their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, B. Riley increased their price target on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.44.

Insider Buying and Selling at Amkor Technology

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

Amkor Technology Stock Down 1.2%

Shares of NASDAQ AMKR opened at $23.90 on Wednesday. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $32.47. The firm has a fifty day moving average of $22.64 and a 200-day moving average of $20.22. The stock has a market capitalization of $5.91 billion, a PE ratio of 19.43 and a beta of 1.96. 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 issued its earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $0.27 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd will be issued a $0.0827 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.33 annualized dividend and a yield of 1.4%. Amkor Technology's dividend payout ratio (DPR) is presently 26.83%.

Amkor Technology 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.

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