Amkor technology 10% owner group member sells $18.99 million in stock

In a recent transaction, Agnes C. Kim, a member of the 10% owner group of Amkor Technology , Inc. (NASDAQ:AMKR), sold a significant portion of the company’s stock. According to the SEC filing, Kim disposed of 869,565 shares of Amkor Technology’s common stock on February 24, 2025, at a price of $21.85 per share. The total value of the transaction amounted to approximately $18.99 million. The sale comes as the stock trades near its 52-week low of $21.46, with the company’s market capitalization currently standing at $5.4 billion. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.

Following this transaction, the shares owned by Kim and her spouse, James J. Kim, totaled 10,020,870, with an additional 95,000 shares directly owned by Agnes C. Kim. The transaction was part of a distribution to Sujoda Investments, LP, as per an agreement within the Kim family group. InvestingPro data shows the company maintains strong financial health with a current ratio of 2.11, indicating solid liquidity. Subscribers can access 12 additional ProTips and comprehensive analysis in the Pro Research Report.

It’s important to note that Agnes C. Kim disclaims beneficial ownership of the securities, except for her pecuniary interest, and the filing does not imply that she is the beneficial owner of the securities held by other members of the group. The stock has experienced significant volatility, with a 32.7% decline over the past six months, though InvestingPro analysis indicates strong long-term potential.

In other recent news, Amkor Technology reported fourth-quarter earnings that surpassed analyst expectations with adjusted earnings per share of $0.43, compared to the expected $0.38. However, the company’s revenue for the quarter was $1.63 billion, slightly below the consensus estimate of $1.66 billion and down 7% year-over-year. Looking ahead, Amkor’s guidance for the first quarter of 2025 projects earnings per share between $0.01 and $0.17, which is significantly below the anticipated $0.31, and revenue between $1.225 billion and $1.325 billion, falling short of the expected $1.464 billion.

KeyBanc Capital Markets revised its price target for Amkor Technology to $27.00 from $34.00, maintaining an Overweight rating despite a cautious outlook for 2025. DA Davidson, on the other hand, maintained a $36.00 price target with a Buy rating, expressing optimism about Amkor’s potential recovery, particularly with expectations of regaining a lost iPhone socket by the second half of 2025. UBS also adjusted its price target to $27.65 from $32.50, keeping a Neutral rating while expressing concerns about Amkor’s sales guidance and capital expenditure growth amid subdued sales.

Amkor Technology’s CEO highlighted challenges in the automotive, industrial, and communications markets, contributing to a decline in full-year net sales. Despite these challenges, Amkor achieved record revenue in the computing end market and successfully ramped up its new facility in Vietnam. Additionally, the company secured CHIPS funding to support U.S. manufacturing and approved a 5% increase in its quarterly cash dividend.

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