Readystate Asset Management LP Acquires New Stake in Amkor Technology, Inc. $AMKR

Readystate Asset Management LP bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,785 shares of the semiconductor company’s stock, valued at approximately $3,000,000.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC raised its holdings in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Amkor Technology during the second quarter worth about $43,000. Ceredex Value Advisors LLC purchased a new position in shares of Amkor Technology during the second quarter worth about $47,000. Solstein Capital LLC bought a new position in shares of Amkor Technology in the second quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Amkor Technology in the second quarter worth approximately $54,000. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMKR shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a 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. Bank of America began coverage on shares of Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 price objective for the company. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Insider Activity at Amkor Technology

In other Amkor Technology news, Director Winston J. Churchill sold 5,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas A. Alexander sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the transaction, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. This trade represents a 14.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,221 shares of company stock worth $3,059,887 in the last 90 days. Corporate insiders own 26.40% of the company’s stock.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $47.77 on Monday. The business has a 50 day moving average of $58.67 and a 200 day moving average of $61.06. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 0.59 and a beta of 2.22. Amkor Technology, Inc. has a 1-year low of $24.18 and a 1-year high of $96.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91.

Amkor Technology (NASDAQ:AMKR) last issued 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 return on equity of 12.27% and a net margin of 7.45%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm 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 predict that Amkor Technology, Inc. will post 2.6 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0835 dividend. 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 is 14.80%.

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.