Public Employees Retirement System of Ohio Makes New Investment in Amkor Technology, Inc. $AMKR

Key Points

• Public Employees Retirement System of Ohio purchased 41,463 Amkor Technology shares worth approximately $3.6 million in the second quarter. Institutional investors collectively own 42.76% of the company.
• Amkor reported quarterly EPS of $0.70, exceeding the $0.47 analyst consensus, while revenue rose 25.6% year over year to $1.90 billion. The company guided for third-quarter EPS of $0.72–$0.82.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $68.33, although insiders sold about $3.1 million of stock over the past 90 days. Amkor also declared a quarterly dividend of $0.0835 per share.

Public Employees Retirement System of Ohio bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 41,463 shares of the semiconductor company's stock, valued at approximately $3,575,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Amkor Technology during the 2nd quarter worth approximately $1,060,005,000. Royal Bank of Canada lifted its holdings in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company's stock worth $349,000 after acquiring an additional 3,454,012 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Amkor Technology during the second quarter worth $152,110,000. Fisher Asset Management LLC boosted its position in Amkor Technology by 204.5% in the fourth 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. Finally, Norges Bank purchased a new position in Amkor Technology in the fourth quarter worth $53,702,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Transactions at Amkor Technology

In other news, EVP Mark Rogers sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $59.78, for a total value of $298,900.00. Following the sale, the executive vice president directly owned 38,904 shares of the company's stock, valued at approximately $2,325,681.12. This represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares of the company's stock, valued at approximately $26,940,616.20. This represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 50,221 shares of company stock valued at $3,059,887. Company insiders own 26.40% of the company's stock.

Amkor Technology Price Performance

AMKR opened at $46.94 on Friday. The firm has a 50-day moving average price of $59.29 and a 200-day moving average price of $61.06. Amkor Technology, Inc. has a twelve month low of $23.38 and a twelve month high of $96.68. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 0.58 and a beta of 2.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts expect that Amkor Technology, Inc. will post 2.6 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology's dividend payout ratio is currently 14.80%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America started coverage on Amkor Technology in a research report on Thursday, August 27th. They set a "buy" rating and a $70.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Amkor Technology 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. B. Riley Financial lowered their price objective 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. Finally, Morgan Stanley increased their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Amkor Technology has a consensus rating of "Moderate Buy" and a consensus target price of $68.33.

About Amkor Technology

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.

Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source