34,724 Shares in Amkor Technology, Inc. $AMKR Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 34,724 shares of the semiconductor company’s stock, valued at approximately $2,994,000.

A number of other institutional investors have also modified their holdings of AMKR. California State Teachers Retirement System lifted its holdings in shares of Amkor Technology by 8,553.4% during the second quarter. California State Teachers Retirement System now owns 12,389,699 shares of the semiconductor company’s stock worth $1,068,364,000 after purchasing an additional 12,246,521 shares during the period. Readystate Asset Management LP acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $3,000,000. Wedmont Private Capital boosted its holdings in shares of Amkor Technology by 5.7% in the second quarter. Wedmont Private Capital now owns 13,051 shares of the semiconductor company’s stock valued at $1,125,000 after acquiring an additional 707 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Amkor Technology by 26.8% during the second quarter. HB Wealth Management LLC now owns 7,617 shares of the semiconductor company’s stock worth $657,000 after acquiring an additional 1,610 shares during the period. Finally, AlphaGrep UK Ltd purchased a new position in Amkor Technology during the second quarter worth about $315,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America began coverage on Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 target price on the stock. B. Riley Financial cut their price objective 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. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley increased their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Finally, Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Amkor Technology Stock Down 3.5%

AMKR stock opened at $49.53 on Friday. 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 company’s 50 day simple moving average is $56.29 and its 200-day simple moving average is $61.13. Amkor Technology, Inc. has a 12 month low of $24.86 and a 12 month high of $96.68. The firm has a market capitalization of $12.31 billion, a PE ratio of 22.21, a P/E/G ratio of 0.63 and a beta of 2.22.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.Amkor Technology’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts expect that Amkor Technology, Inc. will post 2.6 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. 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 (DPR) is presently 14.80%.

Insider Activity

In related news, CEO Kevin Engel sold 3,221 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. The trade was a 24.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Alexander sold 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the transaction, the director owned 29,109 shares in the company, valued at approximately $1,624,573.29. This trade represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,221 shares of company stock worth $2,647,637 in the last quarter. Corporate insiders own 26.40% of the company’s stock.

About Amkor Technology

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.