Readystate Asset Management LP Purchases New Shares in Amkor Technology, Inc. $AMKR

Key Points

• Institutional interest increased: Readystate Asset Management purchased 34,785 Amkor shares worth about $3 million, while several other major investors also added or initiated positions. Institutional investors now own 42.76% of the company.
• Strong quarterly results: Amkor reported quarterly revenue of $1.90 billion, up 25.6% year over year, and earnings of $0.70 per share, exceeding estimates of $0.47. The company guided for third-quarter EPS of $0.72–$0.82.
• Analysts remain generally positive, but insiders sold shares: The stock has a “Moderate Buy” consensus rating with an average price target of $68.33, while insiders sold 50,221 shares worth approximately $3.06 million over the past three months. Amkor also declared a quarterly dividend of $0.0835 per share.

Readystate Asset Management LP acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,785 shares of the semiconductor company's stock, valued at approximately $3,000,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Amkor Technology in the second quarter valued at 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 bought a new position in Amkor Technology in the 4th quarter valued at $53,702,000. Institutional investors own 42.76% of the company's stock.

Insider Buying and Selling at Amkor Technology

In other news, CEO Kevin Engel sold 3,221 shares of Amkor Technology stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the transaction, the chief executive officer directly owned 9,666 shares in the company, valued at approximately $454,302. The trade was a 24.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Alexander sold 5,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.81, for a total value of $279,050.00. Following the sale, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. This trade represents a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 50,221 shares of company stock worth $3,059,887. Company insiders own 26.40% of the company's stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $47.77 on Monday. Amkor Technology, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $96.68. The business has a 50-day moving average of $58.67 and a 200 day moving average of $61.06. The firm has a market cap of $11.87 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 0.59 and a beta of 2.22. 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 (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $0.22 earnings per share. The company's quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, research analysts forecast that Amkor Technology, Inc. will post 2.6 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology's payout ratio is currently 14.80%.

Analyst Ratings Changes

AMKR has been the subject of several research analyst reports. Bank of America assumed 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. Weiss Ratings upgraded shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Morgan Stanley raised their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of Amkor Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $68.33.

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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