The Manufacturers Life Insurance Company Invests $8.52 Million in Amkor Technology, Inc. $AMKR

The Manufacturers Life Insurance Company bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the second quarter, HoldingsChannel reports. The fund bought 98,847 shares of the semiconductor company’s stock, valued at approximately $8,524,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted 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 during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Amkor Technology by 913.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after buying an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Amkor Technology by 73.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Amkor Technology in the 1st quarter worth $271,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AMKR. B. Riley Financial lowered their price target on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a report on Tuesday, July 28th. Bank of America began coverage on shares of Amkor Technology in a report on Thursday. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $47.88 on Friday. The business’s 50-day simple moving average is $62.52 and its 200 day simple moving average is $61.15. The company has a market cap of $11.90 billion, a P/E ratio of 21.47 and a beta of 2.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a one year low of $23.36 and a one year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.22 earnings per share. Amkor Technology’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 2.6 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

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

Insider Transactions at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated 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 owned 486,732 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin K. Engel sold 3,221 shares of the firm’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 sale, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. This trade represents a 24.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,221 shares of company stock worth $3,059,887 over the last three months. Insiders own 26.40% of the company’s stock.

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.