Robotti Robert reduced its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 90.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,175 shares of the semiconductor company’s stock after selling 173,572 shares during the quarter. Robotti Robert’s holdings in Amkor Technology were worth $516,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in Amkor Technology in the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 1,250 shares during the period. Advisors Asset Management Inc. raised its stake in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Amkor Technology during the 3rd quarter worth about $43,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently issued reports on AMKR. The Goldman Sachs Group boosted their price target on Amkor Technology from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. B. Riley Financial raised their price objective on Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their price target on Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.86.
Insider Activity at Amkor Technology
In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $49.28, for a total value of $246,400.00. Following the sale, the executive vice president directly owned 23,862 shares in the company, valued at $1,175,919.36. The trade was a 17.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maryfrances Mccourt sold 20,000 shares of Amkor Technology stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.02, for a total value of $920,400.00. Following the completion of the sale, the director directly owned 55,918 shares of the company’s stock, valued at approximately $2,573,346.36. This trade represents a 26.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 66,000 shares of company stock worth $3,135,310. 26.90% of the stock is owned by company insiders.
Amkor Technology Stock Up 5.0%
Shares of NASDAQ AMKR opened at $50.94 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.27 and a quick ratio of 2.01. The company has a 50-day moving average price of $47.41 and a 200-day moving average price of $36.84. The stock has a market capitalization of $12.60 billion, a P/E ratio of 33.74 and a beta of 2.00. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $57.09.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last posted its earnings results on Monday, February 9th. The semiconductor company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.26. Amkor Technology had a return on equity of 8.66% and a net margin of 5.57%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Amkor Technology has set its Q1 2026 guidance at 0.180-0.280 EPS. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.
Amkor Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, March 12th. Amkor Technology’s dividend payout ratio (DPR) is 21.85%.
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.
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