Hsbc Holdings PLC Trims Holdings in Amkor Technology, Inc. $AMKR

Hsbc Holdings PLC lowered its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 65.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,899 shares of the semiconductor company’s stock after selling 140,977 shares during the period. Hsbc Holdings PLC’s holdings in Amkor Technology were worth $3,305,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capstone Capital Management Ltd acquired a new stake in shares of Amkor Technology during the first quarter worth about $1,612,000. Oregon Public Employees Retirement Fund raised its stake in Amkor Technology by 3.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,394 shares of the semiconductor company’s stock valued at $1,053,000 after acquiring an additional 700 shares during the last quarter. Clearwave Capital LLC acquired a new stake in Amkor Technology during the 1st quarter worth approximately $316,000. Fortitude Advisory Group L.L.C. grew its stake in shares of Amkor Technology by 2.3% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 20,065 shares of the semiconductor company’s stock valued at $904,000 after purchasing an additional 459 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Amkor Technology in the first quarter valued at approximately $270,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Amkor Technology

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

Amkor Technology Trading Down 0.6%

NASDAQ:AMKR opened at $64.96 on Friday. The stock has a fifty day moving average price of $73.36 and a two-hundred day moving average price of $60.67. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 37.12 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a 1 year low of $20.86 and a 1 year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s payout ratio is currently 18.86%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMKR shares. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. The Goldman Sachs Group boosted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Needham & Company LLC increased their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $71.63, for a total transaction of $358,150.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Winston J. Churchill sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total value of $535,150.00. Following the sale, the director directly owned 18,888 shares in the company, valued at $1,443,987.60. This trade represents a 27.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 in the last ninety days. Company insiders own 26.40% of the company’s stock.

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.