Meeder Asset Management Inc. Purchases New Position in Amkor Technology, Inc. $AMKR

Meeder Asset Management Inc. acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,388 shares of the semiconductor company’s stock, valued at approximately $2,103,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMKR. BlackRock Inc. acquired a new position in shares of Amkor Technology in the second quarter worth about $1,060,005,000. AQR Capital Management LLC lifted its holdings in Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares in the last quarter. State Street Corp lifted its holdings in Amkor Technology by 1.4% during the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after purchasing an additional 47,514 shares in the last quarter. First Trust Advisors LP grew its position in shares of Amkor Technology by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after purchasing an additional 740,701 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Amkor Technology by 19.3% during the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock worth $118,107,000 after purchasing an additional 423,629 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. Finally, Morgan Stanley raised their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.12.

Insider Buying and Selling

In other news, Director Douglas A. Alexander sold 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the transaction, the director directly owned 29,109 shares of the company’s stock, valued at approximately $1,624,573.29. This represents a 14.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.00, for a total value of $151,387.00. Following the sale, the chief executive officer directly owned 9,666 shares in the company, valued at $454,302. This trade represents a 24.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,221 shares of company stock worth $2,760,987 over the last 90 days. 26.40% of the stock is owned by insiders.

Amkor Technology Trading Down 10.5%

AMKR opened at $54.84 on Wednesday. The stock has a market capitalization of $13.62 billion, a PE ratio of 24.59 and a beta of 2.25. Amkor Technology, Inc. has a one year low of $22.74 and a one year high of $96.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The business’s 50 day moving average price is $67.94 and its 200 day moving average price is $61.12.

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, topping analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.22 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. 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 2.62 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be issued a $0.0835 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s payout ratio is currently 14.80%.

Amkor Technology Company 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.