Meeder Asset Management Inc. Purchases New Position in Amkor Technology, Inc. $AMKR

Meeder Asset Management Inc. purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,388 shares of the semiconductor company’s stock, valued at approximately $2,103,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Amkor Technology by 56.4% during 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. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Amkor Technology by 61.8% in the 1st 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. 42.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AMKR. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. Morgan Stanley increased their price target on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $90.00 in a report on Friday, July 24th. Finally, B. Riley Financial reduced their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.12.

Amkor Technology Stock Down 10.5%

Shares of NASDAQ AMKR opened at $54.84 on Wednesday. The stock has a market capitalization of $13.62 billion, a PE ratio of 24.59 and a beta of 2.25. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. Amkor Technology, Inc. has a 12-month low of $22.74 and a 12-month high of $96.68. The stock’s fifty day simple moving average is $67.94 and its two-hundred day simple moving average is $61.12.

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

Amkor Technology Dividend Announcement

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

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the completion of the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director owned 486,732 shares in the company, valued at $26,940,616.20. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,221 shares of company stock worth $2,760,987 over the last ninety days. Corporate insiders own 26.40% of the company’s stock.

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.