14,978 Shares in Amkor Technology, Inc. $AMKR Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired a new stake in Amkor Technology, Inc., purchasing 14,978 shares valued at approximately $270,000.
• Several institutional investors significantly increased their positions in Amkor Technology during the 1st quarter, with some raising their stakes by over 400%.
• Amkor Technology recently reported earnings of $0.22 EPS for the quarter, exceeding analysts' expectations, and declared a quarterly dividend of $0.0827 per share.

Virtu Financial LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,978 shares of the semiconductor company's stock, valued at approximately $270,000.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Amkor Technology by 15.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock valued at $197,000 after purchasing an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Amkor Technology by 22.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock worth $379,000 after purchasing an additional 3,885 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Amkor Technology by 32.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 5,447 shares in the last quarter. M&T Bank Corp grew its position in shares of Amkor Technology by 36.9% during the 1st quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock valued at $954,000 after acquiring an additional 14,236 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Amkor Technology by 54.9% during the 1st quarter. GAMMA Investing LLC now owns 4,853 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 1,721 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Analyst Ratings Changes

AMKR has been the topic of several recent analyst reports. Morgan Stanley reiterated an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. UBS Group raised their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $20.00 target price on the stock. DA Davidson cut their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Amkor Technology has an average rating of "Hold" and an average price target of $26.44.

Insider Transactions at Amkor Technology

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

Amkor Technology stock traded down $0.31 during mid-day trading on Tuesday, reaching $23.74. 1,557,393 shares of the company's stock traded hands, compared to its average volume of 2,155,153. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $33.85. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 19.30 and a beta of 1.85. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $21.84 and a two-hundred day moving average of $20.15.

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 (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the prior year, the business earned $0.27 EPS. The firm'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. Equities analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. Amkor Technology's payout ratio is currently 26.83%.

About Amkor Technology

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.