Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Amkor Technology, Inc. $AMKR

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 413,254 shares of the semiconductor company’s stock, valued at approximately $35,635,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Amkor Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Amkor Technology during the 2nd quarter worth approximately $1,060,005,000. AQR Capital Management LLC grew 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 during the period. State Street Corp increased its stake in Amkor Technology by 1.4% in 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 increased its stake in 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Amkor Technology by 19.3% in 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 during the period. Institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, Director Winston J. Churchill sold 5,000 shares of the business’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 sale, the director directly owned 28,781 shares of the company’s stock, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $1,383,750.00. Following the sale, the director directly owned 486,732 shares in the company, valued at $26,940,616.20. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,221 shares of company stock valued at $3,059,887 in the last three months. 26.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley upped their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. B. Riley Financial dropped their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.12.

Amkor Technology Stock Down 4.7%

Shares of Amkor Technology stock opened at $47.90 on Tuesday. The firm has a market cap of $11.90 billion, a PE ratio of 21.48 and a beta of 2.24. The business’s 50 day simple moving average is $65.66 and its 200 day simple moving average is $61.17. 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 52-week low of $23.36 and a 52-week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts predict that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.0835 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s dividend payout ratio is presently 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.