12,424 Shares in Amkor Technology, Inc. $AMKR Purchased by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 12,424 shares of the semiconductor company’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares during the last quarter. Transce3nd LLC boosted its holdings in Amkor Technology by 5.8% during the first quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 864 shares during the last quarter. Merit Financial Group LLC boosted its holdings in Amkor Technology by 6.4% during the first quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 873 shares during the last quarter. Assetmark Inc. boosted its stake in Amkor Technology by 9.8% in the first quarter. Assetmark Inc. now owns 13,570 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Amkor Technology by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 57,430 shares of the semiconductor company’s stock valued at $1,205,000 after acquiring an additional 1,274 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $29.38 on Friday. The company’s fifty day moving average price is $25.26 and its 200-day moving average price is $21.24. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.89 and a beta of 1.98. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $31.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. On average, equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were issued a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.1%. Amkor Technology’s dividend payout ratio is presently 26.83%.

Insider Activity at Amkor Technology

In other Amkor Technology news, major shareholder John T. Kim bought 441,589 shares of Amkor Technology stock in a transaction that occurred 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 acquisition, the insider owned 3,789,479 shares in the company, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Farshad Haghighi sold 11,792 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total transaction of $294,800.00. Following the transaction, the executive vice president directly owned 8,354 shares in the company, valued at approximately $208,850. This represents a 58.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,792 shares of company stock worth $948,500 in the last 90 days. Corporate insiders own 26.90% of the company’s stock.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Needham & Company LLC boosted their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Morgan Stanley reiterated an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday, July 29th. UBS Group boosted their target price on shares of Amkor Technology from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.44.

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.