Fifth Third Bancorp Purchases 31,325 Shares of Amkor Technology, Inc. $AMKR

Fifth Third Bancorp grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 2,046.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 32,856 shares of the semiconductor company’s stock after purchasing an additional 31,325 shares during the period. Fifth Third Bancorp’s holdings in Amkor Technology were worth $1,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Candriam S.C.A. increased its stake in Amkor Technology by 35.5% in the 1st quarter. Candriam S.C.A. now owns 7,332 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 1,922 shares during the last quarter. Capstone Capital Management Ltd purchased a new position in shares of Amkor Technology in the 1st quarter worth approximately $1,612,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Amkor Technology by 3.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,394 shares of the semiconductor company’s stock worth $1,053,000 after buying an additional 700 shares during the last quarter. Clearwave Capital LLC bought a new position in shares of Amkor Technology in the first quarter valued at approximately $316,000. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Amkor Technology by 2.3% in the first quarter. Fortitude Advisory Group L.L.C. now owns 20,065 shares of the semiconductor company’s stock valued at $904,000 after acquiring an additional 459 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Amkor Technology

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor announced a multi-year strategic partnership with NVIDIA to expand advanced semiconductor packaging and test capacity in the U.S. for AI infrastructure. NVIDIA will also provide a prepayment to help fund the expansion, and Reuters reported the deal is worth $1.5 billion, which should support revenue visibility and strengthen Amkor’s role in AI chip supply chains. Article Title
• Positive Sentiment: Market coverage noted the NVIDIA deal helped send Amkor shares sharply higher intraday, reflecting investor enthusiasm around the company’s exposure to AI hardware spending and long-term packaging demand. Article Title
• Neutral Sentiment: Despite the strategic win, a Zacks-style market recap said Amkor was still down relative to the broader market in the latest session, suggesting some profit-taking or volatility after the big move. Article Title
• Neutral Sentiment: Analyst sentiment has been mixed: B. Riley cut its price target to $75 and kept a neutral rating, while Zacks Research upgraded the stock to strong-buy, indicating no clear consensus on near-term upside. Article Title

Analysts Set New Price Targets

A number of brokerages recently commented on AMKR. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. UBS Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research report on Tuesday, May 26th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. Finally, Morgan Stanley increased their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Insiders Place Their Bets

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $74.28, for a total value of $3,714,000.00. Following the sale, the director directly owned 502,558 shares in the company, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total transaction of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. This trade represents a 11.39% 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 sold a total of 114,000 shares of company stock worth $8,631,450 in the last ninety days. 26.40% of the stock is owned by corporate insiders.

Amkor Technology Price Performance

Amkor Technology stock opened at $65.33 on Friday. The business’s 50 day simple moving average is $73.47 and its 200 day simple moving average is $60.64. Amkor Technology, Inc. has a 12 month low of $20.86 and a 12 month high of $96.68. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 37.33 and a beta of 2.20. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. Sell-side analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Amkor Technology Company Profile

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.