Amkor Technology, Inc. $AMKR Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 37.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,758 shares of the semiconductor company’s stock after selling 43,788 shares during the period. State of Alaska Department of Revenue’s holdings in Amkor Technology were worth $3,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC grew its holdings in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of Amkor Technology during the second quarter valued at approximately $43,000. Ceredex Value Advisors LLC purchased a new position in Amkor Technology in the 2nd quarter worth approximately $47,000. Solstein Capital LLC purchased a new position in Amkor Technology in the 2nd quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Amkor Technology in the 2nd quarter worth approximately $54,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR opened at $41.82 on Friday. The firm’s 50-day moving average price is $50.76 and its 200-day moving average price is $61.83. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $10.39 billion, a PE ratio of 18.75, a PEG ratio of 0.52 and a beta of 2.21. Amkor Technology, Inc. has a 52-week low of $29.50 and a 52-week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $0.22 earnings per share. The business’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, analysts anticipate that Amkor Technology, Inc. will post 2.60 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd were issued a $0.0835 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.8%. Amkor Technology’s dividend payout ratio (DPR) is currently 14.80%.

Insider Buying and Selling

In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the completion of the sale, the chief executive officer directly owned 9,666 shares in the company, valued at approximately $454,302. The trade was a 24.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Megan Faust sold 1,000 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the transaction, the chief financial officer directly owned 133,105 shares in the company, valued at $6,245,286.60. The trade was a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,221 shares of company stock valued at $2,538,507 in the last ninety days. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $90.00 in a report on Friday, July 24th. Bank of America began coverage on Amkor Technology in a report on Thursday, August 27th. They issued a “buy” rating and a $70.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.