First Hawaiian Bank acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the first quarter, HoldingsChannel reports. The firm acquired 35,034 shares of the semiconductor company’s stock, valued at approximately $633,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Amkor Technology in the 1st quarter valued at approximately $27,000. UMB Bank n.a. grew its stake in shares of Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,530 shares during the last quarter. Allworth Financial LP grew its stake 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 worth $38,000 after purchasing an additional 1,357 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. Finally, AlphaQuest LLC bought a new position in Amkor Technology during the 1st quarter worth $53,000. 42.76% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Farshad Haghighi sold 11,792 shares of the firm’s 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 transaction, the executive vice president directly owned 8,354 shares in the company, valued at $208,850. This trade represents a 58.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of the transaction, the executive vice president directly owned 23,862 shares in the company, valued at $562,665.96. This trade represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is owned by company insiders.
Amkor Technology Price Performance
Amkor Technology (NASDAQ:AMKR – Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. Amkor Technology’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.
Amkor Technology Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology’s payout ratio is 26.83%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on AMKR shares. UBS Group boosted their target price on shares of Amkor Technology from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. B. Riley raised their price objective on Amkor Technology from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Amkor Technology in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.44.
Check Out Our Latest Analysis on AMKR
Amkor Technology Profile
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.
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