Sequoia Financial Advisors LLC Purchases New Stake in Amkor Technology, Inc. $AMKR

Sequoia Financial Advisors LLC purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,804 shares of the semiconductor company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Amkor Technology during the 1st quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Amkor Technology by 416.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,292 shares in the last quarter. Allworth Financial LP raised its holdings in Amkor Technology by 166.3% in the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,357 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Amkor Technology by 61.8% in the 1st 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 in the last quarter. Finally, AlphaQuest LLC bought a new position in Amkor Technology in the 1st quarter worth $53,000. 42.76% of the stock is currently owned by institutional investors.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $30.74, for a total transaction of $307,400.00. Following the sale, the chief executive officer directly owned 356,699 shares of the company’s stock, valued at approximately $10,964,927.26. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Sujoda Management, Llc acquired 441,589 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the transaction, the insider directly owned 3,789,479 shares in the company, valued at $82,800,116.15. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 46,792 shares of company stock worth $1,255,900 in the last ninety days. 26.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on AMKR. The Goldman Sachs Group upped their price objective on shares of Amkor Technology from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Morgan Stanley restated an “equal weight” rating on shares of Amkor Technology in a report on Tuesday, July 29th. B. Riley upped their price objective on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Needham & Company LLC upped their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus price target of $27.11.

Amkor Technology Stock Down 4.3%

NASDAQ:AMKR opened at $30.77 on Thursday. The firm’s 50-day moving average price is $27.26 and its 200-day moving average price is $22.33. The company has a market capitalization of $7.60 billion, a PE ratio of 25.02 and a beta of 1.98. 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, Inc. has a 1-year low of $14.03 and a 1-year high of $33.54.

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, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period 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 analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, September 3rd. Amkor Technology’s dividend payout ratio is 26.83%.

Amkor Technology Company 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.