KBC Group NV Cuts Position in Amkor Technology, Inc. $AMKR

KBC Group NV decreased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 33.4% in the 1st quarter, Holdings Channel reports. The firm owned 28,529 shares of the semiconductor company’s stock after selling 14,294 shares during the quarter. KBC Group NV’s holdings in Amkor Technology were worth $1,285,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after buying an additional 1,407,109 shares in the last quarter. Norges Bank purchased a new stake in Amkor Technology in the 4th quarter valued at approximately $53,702,000. Arrowstreet Capital Limited Partnership grew its holdings in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after buying an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Amkor Technology by 38.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after buying an additional 985,727 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Down 0.6%

Shares of AMKR stock opened at $64.96 on Friday. The firm’s 50-day simple moving average is $73.36 and its 200-day simple moving average is $60.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. Amkor Technology, Inc. has a 1-year low of $20.86 and a 1-year high of $96.68. The firm has a market cap of $16.10 billion, a P/E ratio of 37.12 and a beta of 2.20.

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

Amkor Technology Announces Dividend

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

Insider Buying and Selling at Amkor Technology

In related news, Director Winston J. Churchill sold 5,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the transaction, the director directly owned 28,781 shares of the company’s stock, valued at approximately $2,250,674.20. This trade represents a 14.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total value of $70,300.00. Following the completion of the transaction, the chief financial officer owned 132,138 shares in the company, valued at $9,289,301.40. The trade was a 0.75% decrease in their position. 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 quarter, insiders sold 114,000 shares of company stock worth $8,631,450. 26.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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. B. Riley Financial dropped their price objective on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, April 6th. Finally, Morgan Stanley raised their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.25.

Trending Headlines about Amkor Technology

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

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.