Bank of New York Mellon Corp Grows Position in Amkor Technology, Inc. $AMKR

Bank of New York Mellon Corp raised its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 983,987 shares of the semiconductor company’s stock after acquiring an additional 16,995 shares during the quarter. Bank of New York Mellon Corp’s holdings in Amkor Technology were worth $44,309,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the period. Advisors Asset Management Inc. increased its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Amkor Technology by 913.4% in the 1st 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. boosted its stake in shares of Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after acquiring an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in Amkor Technology during the first quarter valued at $271,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Performance

Shares of AMKR opened at $64.96 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a market cap of $16.10 billion, a PE ratio of 37.12 and a beta of 2.20. Amkor Technology, Inc. has a 12 month low of $20.86 and a 12 month high of $96.68. The stock has a fifty day moving average price of $73.36 and a 200-day moving average price of $60.67.

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

Amkor Technology Dividend Announcement

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

Key Headlines Impacting Amkor Technology

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

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

Analyst Ratings Changes

A number of research firms have weighed in on AMKR. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 6th. B. Riley Financial lowered their target price on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Friday. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.25.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total transaction of $431,050.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gil C. Tily sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the sale, the director directly owned 108,806 shares in the company, valued at $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,000 shares of company stock worth $8,631,450 in the last 90 days. 26.40% of the stock is owned by insiders.

Amkor Technology 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.