The Manufacturers Life Insurance Company Acquires Shares of 98,847 Amkor Technology, Inc. $AMKR

The Manufacturers Life Insurance Company bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKRFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 98,847 shares of the semiconductor company’s stock, valued at approximately $8,524,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Amkor Technology during the second quarter worth $1,060,005,000. AQR Capital Management LLC increased its stake in Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after buying an additional 653,489 shares during the period. State Street Corp raised its position in Amkor Technology by 1.4% during the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock worth $137,151,000 after buying an additional 47,514 shares during the last quarter. First Trust Advisors LP raised its position in 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 worth $107,477,000 after buying an additional 740,701 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock worth $118,107,000 after acquiring an additional 423,629 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Down 7.5%

Amkor Technology stock opened at $47.88 on Friday. Amkor Technology, Inc. has a fifty-two week low of $23.36 and a fifty-two week high of $96.68. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 21.47 and a beta of 2.24. The stock’s fifty day moving average is $62.52 and its two-hundred day moving average is $61.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17.

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

Amkor Technology Announces Dividend

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

Insiders Place Their Bets

In other Amkor Technology news, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $54.45, for a total transaction of $54,450.00. Following the sale, the chief financial officer directly owned 135,105 shares of the company’s stock, valued at $7,356,467.25. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.00, for a total transaction of $151,387.00. Following the sale, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. This trade represents a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 50,221 shares of company stock valued at $3,059,887. Insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AMKR shares. B. Riley Financial dropped 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. Morgan Stanley lifted their price objective on Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Bank of America began coverage on Amkor Technology in a research report on Thursday. They set a “buy” rating and a $70.00 target price on the stock. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $90.00 in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Read Our Latest Analysis on Amkor Technology

Amkor Technology Profile

(Free Report)

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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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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