Amkor Technology, Inc. $AMKR Stock: State of Alaska Department of Revenue Cuts Stake

State of Alaska Department of Revenue lowered its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,758 shares of the semiconductor company’s stock after selling 43,788 shares during the quarter. State of Alaska Department of Revenue’s holdings in Amkor Technology were worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Amkor Technology during the second quarter valued at approximately $1,060,005,000. Jefferies Financial Group Inc. purchased a new stake in Amkor Technology during the second quarter valued at approximately $13,491,000. Public Employees Retirement System of Ohio bought a new position in Amkor Technology in the second quarter worth approximately $3,575,000. Corient Private Wealth LP raised its position in Amkor Technology by 142.7% in the second quarter. Corient Private Wealth LP now owns 158,037 shares of the semiconductor company’s stock worth $13,628,000 after acquiring an additional 92,929 shares during the period. Finally, Foster & Motley Inc. bought a new position in Amkor Technology in the second quarter worth approximately $1,944,000. Institutional investors own 42.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Megan Faust sold 1,000 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the completion of the sale, the chief financial officer directly owned 133,105 shares of the company’s stock, valued at $6,245,286.60. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the sale, the director directly owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 46,221 shares of company stock valued at $2,538,507. Insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 5.1%

Shares of NASDAQ:AMKR opened at $41.82 on Friday. The stock has a 50 day moving average of $50.76 and a 200 day moving average of $61.83. The company has a market cap of $10.39 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 0.52 and a beta of 2.21. 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 $29.50 and a 12-month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.22 EPS. 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, equities research analysts expect that Amkor Technology, Inc. will post 2.60 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd were given a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is presently 14.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMKR. 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 price target on the stock. B. Riley Financial reduced their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a report on Tuesday, July 28th. Finally, Morgan Stanley lifted their target price on Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.33.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.