Light Street Capital Management LLC Purchases New Shares in Amkor Technology, Inc. $AMKR

Light Street Capital Management LLC purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 596,783 shares of the semiconductor company’s stock, valued at approximately $51,461,000. Amkor Technology accounts for about 5.7% of Light Street Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Light Street Capital Management LLC owned about 0.24% of Amkor Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 135 shares in the last quarter. Arista Wealth Management LLC raised its position in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after buying an additional 157 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Amkor Technology by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 202 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. B. Riley Financial reduced their target price on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research report on Tuesday, July 28th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.12.

Insiders Place Their Bets

In related news, Director Douglas A. Alexander sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.81, for a total value of $279,050.00. Following the sale, the director directly owned 29,109 shares of the company’s stock, valued at $1,624,573.29. This trade represents a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the transaction, the chief executive officer owned 9,666 shares in the company, valued at approximately $454,302. This represents a 24.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 50,221 shares of company stock valued at $3,059,887 over the last ninety days. 26.40% of the stock is owned by insiders.

Amkor Technology Stock Down 0.6%

Shares of AMKR opened at $48.40 on Thursday. The firm has a 50 day simple moving average of $64.14 and a two-hundred day simple moving average of $61.23. 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, Inc. has a one year low of $23.36 and a one year high of $96.68. The company has a market cap of $12.02 billion, a P/E ratio of 21.70 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR) last issued its 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. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $0.22 EPS. The company’s 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. Research analysts forecast that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is currently 14.80%.

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.