Oppenheimer Asset Management Inc. Buys New Shares in Amkor Technology, Inc. $AMKR

by · The Markets Daily

Oppenheimer Asset Management Inc. bought a new position in Amkor Technology, Inc. (NASDAQ:AMKRFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,872 shares of the semiconductor company’s stock, valued at approximately $4,042,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Amkor Technology by 100.6% in 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 period. Advisors Asset Management Inc. raised its stake in shares of Amkor Technology by 61.8% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 6,768 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after purchasing an additional 222,107 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Amkor Technology in the first quarter valued at approximately $271,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Up 2.1%

Shares of AMKR stock opened at $58.99 on Friday. The stock has a 50 day moving average of $68.40 and a 200 day moving average of $60.94. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.66 billion, a P/E ratio of 26.45 and a beta of 2.24. Amkor Technology, Inc. has a twelve month low of $22.74 and a twelve month high of $96.68.

Amkor Technology (NASDAQ:AMKRGet Free Report) last announced its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $0.22 earnings per share. Amkor Technology’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 2.62 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a $0.0835 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s payout ratio is currently 14.80%.

Insider Activity

In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the transaction, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,221 shares of company stock valued at $3,183,737 in the last three months. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. The Goldman Sachs Group upped their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Morgan Stanley raised their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.12.

Get Our Latest Stock Report on Amkor Technology

Amkor Technology Company 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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