Russell Investments Group Ltd. Buys 112,465 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Russell Investments Group Ltd. increased its holdings in Amkor Technology by 64.9% in Q1, bringing its total shares to 285,820, valued at approximately $5.16 million.
• Amkor Technology reported earnings of $0.22 per share for the last quarter, exceeding analysts’ expectations and marking a 3.4% year-over-year revenue increase to $1.51 billion.
• The company announced a quarterly dividend of $0.0827 per share, with a 1.4% dividend yield and a payout ratio of 26.83%.

Russell Investments Group Ltd. increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 285,820 shares of the semiconductor company's stock after purchasing an additional 112,465 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Amkor Technology worth $5,162,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMKR. UG Investment Advisers Ltd. purchased a new position in shares of Amkor Technology in the first quarter valued at $21,057,000. Invesco Ltd. grew its position 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 valued at $24,647,000 after purchasing an additional 911,886 shares in the last quarter. Wellington Management Group LLP grew its position 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 valued at $39,289,000 after purchasing an additional 395,242 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Amkor Technology by 2.3% in the first quarter. Vanguard Group Inc. now owns 16,025,236 shares of the semiconductor company's stock valued at $289,416,000 after purchasing an additional 361,010 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Amkor Technology by 110.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 674,785 shares of the semiconductor company's stock worth $17,335,000 after buying an additional 354,457 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder John T. Kim purchased 441,589 shares of the company's stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark N. Rogers sold 15,000 shares of Amkor Technology stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total value of $353,700.00. Following the sale, the executive vice president directly owned 23,862 shares of the company's stock, valued at approximately $562,665.96. This trade represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

Amkor Technology Price Performance

AMKR stock traded up $0.22 during mid-day trading on Wednesday, hitting $24.58. 1,556,730 shares of the stock were exchanged, compared to its average volume of 2,206,214. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70. The business has a fifty day moving average price of $22.34 and a 200 day moving average price of $20.18. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $33.69. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 19.98 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company's revenue 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. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.33 annualized dividend and a yield of 1.3%. Amkor Technology's payout ratio is 26.83%.

Analyst Ratings Changes

AMKR has been the subject of several recent analyst reports. B. Riley boosted their target price on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. DA Davidson reduced their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC boosted their target price on Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, UBS Group boosted their target price on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.44.

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.