Oliver Luxxe Assets LLC Sells 22,244 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Oliver Luxxe Assets LLC cut its Amkor Technology stake by 39.1% in the second quarter, selling 22,244 shares and retaining 34,586 shares valued at approximately $2.98 million.
• Amkor reported strong quarterly results, with earnings of $0.70 per share and revenue of $1.90 billion, exceeding analyst estimates; revenue rose 25.6% year over year. The company guided for third-quarter EPS of $0.72–$0.82.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and a $68.12 target price. Meanwhile, insiders sold 60,221 shares worth about $4.0 million over the past 90 days.

Oliver Luxxe Assets LLC decreased its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 39.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,586 shares of the semiconductor company's stock after selling 22,244 shares during the quarter. Oliver Luxxe Assets LLC's holdings in Amkor Technology were worth $2,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMKR. Royal Bank of Canada increased its stake in shares of Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock worth $349,000 after purchasing an additional 3,454,012 shares during the period. Fisher Asset Management LLC lifted its position in shares of Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock worth $82,712,000 after purchasing an additional 1,407,109 shares during the last quarter. Norges Bank bought a new stake in Amkor Technology during the 4th quarter valued at approximately $53,702,000. Arrowstreet Capital Limited Partnership grew its holdings in Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company's stock valued at $44,719,000 after buying an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company's stock worth $74,541,000 after buying an additional 985,727 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Up 2.0%

Shares of NASDAQ:AMKR opened at $55.27 on Friday. The company's fifty day moving average is $70.04 and its 200-day moving average is $60.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a 52 week low of $22.68 and a 52 week high of $96.68. The company has a market capitalization of $13.73 billion, a PE ratio of 24.78 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.22 EPS. Amkor Technology's revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts predict that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. Amkor Technology's dividend payout ratio is presently 14.80%.

Insider Buying and Selling

In other Amkor Technology news, Director Gil C. Tily sold 15,000 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the transaction, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the transaction, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,221 shares of company stock worth $4,009,737. 26.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMKR. UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Morgan Stanley increased their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 28th. B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.12.

Amkor Technology Profile

Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.

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