Fisher Asset Management LLC Sells 30,703 Shares of Amkor Technology, Inc. $AMKR

Fisher Asset Management LLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 4.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 622,433 shares of the semiconductor company’s stock after selling 30,703 shares during the period. Fisher Asset Management LLC owned approximately 0.25% of Amkor Technology worth $13,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMKR. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 3,454,012 shares during the last quarter. SW Investment Management LLC raised its stake in Amkor Technology by 89.3% during the 1st quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company’s stock valued at $47,859,000 after buying an additional 1,250,000 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Amkor Technology by 201.4% during the 1st quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company’s stock valued at $24,647,000 after buying an additional 911,886 shares during the period. American Century Companies Inc. boosted its stake in shares of Amkor Technology by 30.0% in the 2nd quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock worth $80,147,000 after buying an additional 880,738 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amkor Technology in the second quarter worth $17,221,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMKR shares. The Goldman Sachs Group raised their target price on Amkor Technology from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. Finally, Needham & Company LLC upped their price objective on Amkor Technology from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.63.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.68, for a total transaction of $316,800.00. Following the sale, the chief executive officer owned 346,699 shares of the company’s stock, valued at approximately $10,983,424.32. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark N. Rogers sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.69, for a total value of $633,800.00. Following the completion of the transaction, the executive vice president owned 23,862 shares of the company’s stock, valued at $756,186.78. The trade was a 45.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 61,792 shares of company stock worth $1,852,800. 26.90% of the stock is owned by corporate insiders.

Amkor Technology Stock Performance

AMKR opened at $43.93 on Thursday. The company has a 50 day simple moving average of $32.56 and a two-hundred day simple moving average of $25.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60. The firm has a market cap of $10.86 billion, a P/E ratio of 35.14 and a beta of 1.99. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.07.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. Equities analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is currently 26.40%.

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.