Chase Investment Counsel Corp Buys New Position in Amkor Technology, Inc. $AMKR

Chase Investment Counsel Corp bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,595 shares of the semiconductor company’s stock, valued at approximately $1,172,000.

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position 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 acquiring an additional 447 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares during the last quarter. Root Financial Partners LLC increased its position in Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 262 shares during the period. CoreCap Advisors LLC increased its position in Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMKR has been the topic of several research analyst reports. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. The Goldman Sachs Group boosted their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley upped their price target on Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.12.

Insider Transactions at Amkor Technology

In other Amkor Technology news, Director Guillaume Marie Jean 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 transaction of $1,383,750.00. Following the sale, the director directly owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin K. Engel sold 3,221 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 9,666 shares in the company, valued at approximately $454,302. This represents a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 46,221 shares of company stock valued at $2,825,587. Corporate insiders own 26.40% of the company’s stock.

Amkor Technology Price Performance

AMKR opened at $58.99 on Monday. The company has a market capitalization of $14.66 billion, a P/E ratio of 26.45 and a beta of 2.25. 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’s fifty day moving average price is $68.40 and its two-hundred day moving average price is $61.01. Amkor Technology, Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. The company 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%. The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 2.62 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared 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. This represents a $0.33 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is 14.80%.

Amkor Technology 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.