M&G PLC Lowers Position in Amkor Technology, Inc. $AMKR

M&G PLC cut its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 49.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 427,676 shares of the semiconductor company’s stock after selling 411,532 shares during the period. M&G PLC’s holdings in Amkor Technology were worth $8,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMKR. Caitong International Asset Management Co. Ltd bought a new stake in Amkor Technology in the 1st quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in shares of Amkor Technology by 1,050.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock worth $29,000 after buying an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Amkor Technology by 416.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,292 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Amkor Technology by 166.3% in the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Up 0.6%

Shares of AMKR opened at $34.47 on Thursday. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.70. The stock has a 50 day simple moving average of $30.26 and a two-hundred day simple moving average of $24.26. The firm has a market cap of $8.52 billion, a P/E ratio of 27.58 and a beta of 2.02.

Amkor Technology (NASDAQ:AMKR) last released its earnings results 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 company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. On average, analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a $0.0835 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, December 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 26.40%.

Insider Transactions at Amkor Technology

In other news, EVP Farshad Haghighi sold 11,792 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total transaction of $294,800.00. Following the completion of the sale, the executive vice president owned 8,354 shares of the company’s stock, valued at approximately $208,850. This represents a 58.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $30.74, for a total value of $307,400.00. Following the completion of the sale, the chief executive officer directly owned 356,699 shares in the company, valued at $10,964,927.26. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 31,792 shares of company stock valued at $902,200. 26.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMKR has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Morgan Stanley reiterated an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday, July 29th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, DA Davidson upped their price objective on shares of Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and an average target price of $29.63.

About Amkor Technology

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.