VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.99 Million Position in Amkor Technology, Inc. $AMKR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,724 shares of the semiconductor company’s stock, valued at approximately $2,994,000.

A number of other large investors have also recently made changes to their positions in AMKR. BlackRock Inc. purchased a new position in Amkor Technology in the second quarter worth approximately $1,060,005,000. California State Teachers Retirement System increased its position in shares of Amkor Technology by 8,553.4% in the 2nd quarter. California State Teachers Retirement System now owns 12,389,699 shares of the semiconductor company’s stock valued at $1,068,364,000 after purchasing an additional 12,246,521 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of 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 purchasing an additional 3,454,012 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at $152,110,000. Finally, Fisher Asset Management LLC lifted its position in shares of Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after purchasing an additional 1,407,109 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America started coverage on shares of Amkor Technology in a research note on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. B. Riley Financial decreased their price target on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and raised their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $49.53 on Friday. The company’s fifty day moving average price is $56.29 and its 200 day moving average price is $61.13. Amkor Technology, Inc. has a 12 month low of $24.86 and a 12 month high of $96.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The firm has a market capitalization of $12.31 billion, a P/E ratio of 22.21, a P/E/G ratio of 0.63 and a beta of 2.22.

Amkor Technology (NASDAQ:AMKR) last announced 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 net margin of 7.45% and a return on equity of 12.27%. Amkor Technology’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. 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 2.6 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

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

Insider Transactions at Amkor Technology

In related news, EVP Mark Rogers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total value of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares in the company, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,221 shares of company stock worth $2,647,637. Insiders own 26.40% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ: AMKR) is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.

Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.