PNC Financial Services Group Inc. Acquires 2,052 Shares of Amkor Technology, Inc. $AMKR

PNC Financial Services Group Inc. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 64.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,259 shares of the semiconductor company’s stock after purchasing an additional 2,052 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Amkor Technology were worth $110,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 3,454,012 shares during the last quarter. SW Investment Management LLC boosted its stake in shares of Amkor Technology by 89.3% during the 1st quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company’s stock worth $47,859,000 after buying an additional 1,250,000 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Amkor Technology by 201.4% in the 1st quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company’s stock valued at $24,647,000 after acquiring an additional 911,886 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Amkor Technology by 41.8% in the first quarter. AQR Capital Management LLC now owns 2,572,313 shares of the semiconductor company’s stock valued at $45,967,000 after acquiring an additional 757,956 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Amkor Technology by 111.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,426,515 shares of the semiconductor company’s stock valued at $25,763,000 after acquiring an additional 751,730 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMKR shares. DA Davidson increased their price target on Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. increased their price objective on Amkor Technology from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Needham & Company LLC raised their target price on shares of Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $29.63.

Amkor Technology Stock Up 4.3%

AMKR stock opened at $36.43 on Friday. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $38.22. The business’s 50 day simple moving average is $31.88 and its 200 day simple moving average is $25.49. The company has a current ratio of 1.77, a quick ratio of 1.70 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $9.01 billion, a PE ratio of 29.14 and a beta of 2.02.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. As a group, research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is presently 26.40%.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 20,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $31.69, for a total value of $633,800.00. Following the transaction, the executive vice president directly owned 23,862 shares of the company’s stock, valued at $756,186.78. This represents a 45.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.68, for a total transaction of $316,800.00. Following the sale, the chief executive officer owned 346,699 shares of the company’s stock, valued at $10,983,424.32. This trade represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 61,792 shares of company stock worth $1,852,800. Insiders own 26.90% of the company’s stock.

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.