Fifth Third Bancorp Acquires 18,846 Shares of Amkor Technology, Inc. $AMKR

Fifth Third Bancorp grew its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1,548.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,063 shares of the semiconductor company’s stock after purchasing an additional 18,846 shares during the quarter. Fifth Third Bancorp’s holdings in Amkor Technology were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Amkor Technology during the 1st quarter valued at $27,000. UMB Bank n.a. raised its holdings in shares of Amkor Technology by 677.0% during the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 1,530 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Amkor Technology by 416.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,292 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Amkor Technology by 166.3% during the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 1,357 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings 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 valued at $40,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMKR shares. B. Riley raised their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $20.00 target price on the stock. UBS Group raised 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 six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and an average target price of $26.44.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the completion of the transaction, the executive vice president directly owned 23,862 shares of the company’s stock, valued at approximately $562,665.96. This trade represents a 38.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sujoda Management, Llc acquired 441,589 shares of Amkor Technology stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the acquisition, the insider directly owned 3,789,479 shares in the company, valued at $82,800,116.15. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders sold 36,792 shares of company stock worth $948,500 in the last ninety days. Company insiders own 26.90% of the company’s stock.

Amkor Technology Stock Down 1.7%

NASDAQ AMKR opened at $28.52 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. The firm has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $20.98. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $31.72. The stock has a market cap of $7.05 billion, a PE ratio of 23.19 and a beta of 1.96.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 26.83%.

Amkor Technology Profile

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.