Legal & General Group Plc Purchases New Shares in Amkor Technology, Inc. $AMKR

Legal & General Group Plc acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 171,077 shares of the semiconductor company’s stock, valued at approximately $14,752,000.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its holdings in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the period. Smartleaf Asset Management LLC grew its holdings in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares during the period. Root Financial Partners LLC increased its position in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amkor Technology

In related news, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. This trade represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer directly owned 9,666 shares in the company, valued at $454,302. This trade represents a 24.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 50,221 shares of company stock worth $3,059,887. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMKR. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Morgan Stanley increased their price objective on shares of 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 assumed coverage on shares of Amkor Technology in a research report on Thursday. They issued a “buy” rating and a $70.00 target price on the stock. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One 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 stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Amkor Technology Price Performance

AMKR stock opened at $47.88 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The business has a 50 day simple moving average of $62.52 and a 200-day simple moving average of $61.21. The firm has a market capitalization of $11.90 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.24. Amkor Technology, Inc. has a 1 year low of $23.36 and a 1 year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 2.6 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

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 dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s payout ratio is currently 14.80%.

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.