Douglas Alexander Sells 5,000 Shares of Amkor Technology (NASDAQ:AMKR) Stock

Amkor Technology, Inc. (NASDAQ:AMKR) Director Douglas Alexander sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the transaction, the director owned 29,109 shares of the company’s stock, valued at $1,624,573.29. This trade represents a 14.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amkor Technology Stock Up 2.4%

Shares of AMKR opened at $55.59 on Thursday. The company has a market capitalization of $13.81 billion, a P/E ratio of 24.93 and a beta of 2.24. Amkor Technology, Inc. has a one year low of $22.74 and a one year high of $96.68. The business’s 50 day simple moving average is $68.84 and its 200-day simple moving average is $60.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.6%. Amkor Technology’s dividend payout ratio is presently 14.80%.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC increased its position in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares in the last quarter. Clearstead Trust LLC bought a new position in Amkor Technology during the second quarter worth about $43,000. Ceredex Value Advisors LLC acquired a new position in Amkor Technology in the second quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Amkor Technology in the second quarter valued at about $54,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.12.

About Amkor Technology

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.