Weiss Asset Management LP Has $13.51 Million Stake in Amkor Technology, Inc. $AMKR

Weiss Asset Management LP lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 263.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,000 shares of the semiconductor company’s stock after buying an additional 217,484 shares during the period. Weiss Asset Management LP’s holdings in Amkor Technology were worth $13,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMKR. AQR Capital Management LLC increased its stake in Amkor Technology by 18.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after acquiring an additional 653,489 shares during the period. State Street Corp raised its holdings in Amkor Technology by 1.4% in the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after acquiring an additional 47,514 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Amkor Technology by 37.4% during the 4th quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after acquiring an additional 740,701 shares during the period. Principal Financial Group Inc. lifted its position in shares of Amkor Technology by 19.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock valued at $118,107,000 after acquiring an additional 423,629 shares during the period. Finally, Fisher Asset Management LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

Insider Transactions at Amkor Technology

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the sale, the director owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total transaction of $431,050.00. Following the transaction, the executive vice president owned 38,904 shares of the company’s stock, valued at $3,353,913.84. This trade represents a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 114,000 shares of company stock valued at $8,631,450. Corporate insiders own 26.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley upped their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. B. Riley Financial reduced their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a report on Friday, July 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.25.

Amkor Technology Stock Down 0.6%

Shares of NASDAQ AMKR opened at $64.96 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 37.12 and a beta of 2.20. Amkor Technology, Inc. has a 12 month low of $20.86 and a 12 month high of $96.68. The stock has a 50-day moving average price of $73.36 and a two-hundred day moving average price of $60.67.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were paid a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s dividend payout ratio is presently 18.86%.

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.