Legal & General Group Plc Buys Shares of 171,077 Amkor Technology, Inc. $AMKR

Legal & General Group Plc purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to its most recent filing with the SEC. The firm purchased 171,077 shares of the semiconductor company’s stock, valued at approximately $14,752,000. Legal & General Group Plc owned 0.07% of Amkor Technology at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMKR. CoreCap Advisors LLC lifted its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. Clearstead Trust LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at $43,000. Ceredex Value Advisors LLC acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $47,000. Solstein Capital LLC acquired a new position in Amkor Technology during the 2nd quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Amkor Technology during the 2nd quarter valued at about $54,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

Amkor Technology stock opened at $47.88 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. Amkor Technology, Inc. has a 52 week low of $23.36 and a 52 week high of $96.68. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.24. The stock has a 50-day moving average price of $62.52 and a 200 day moving average price of $61.21.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Amkor Technology’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Sell-side analysts anticipate that Amkor Technology, Inc. will post 2.6 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio is presently 14.80%.

Insider Activity

In other Amkor Technology news, Director Winston J. Churchill sold 5,000 shares of Amkor Technology stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director owned 28,781 shares in the company, valued at approximately $2,250,674.20. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the transaction, the director directly owned 29,109 shares of the company’s stock, valued at approximately $1,624,573.29. This trade represents a 14.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,221 shares of company stock valued at $3,059,887 over the last quarter. Insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMKR. Bank of America initiated coverage on Amkor Technology in a report on Thursday. They issued a “buy” rating and a $70.00 price target for the company. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $80.00 to $90.00 in a research report on Friday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. B. Riley Financial cut their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amkor Technology presently has an average rating of “Moderate Buy” and an average price target of $68.33.

Amkor Technology Company 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.