Semiconductor firm Amkor slides after unveiling secondary offering by the Kim Family
12/02/2026 21:43
** Semiconductor packaging and test services co Amkor Technology AMKR.O down ~6% in extended trading to $48.60 after secondary offering news ** Tempe, Arizona-based AMKR says an investment vehicle for members of the Kim Family and Susan Kim, its board chairman, to part with 10 mln shares ** Post-offering, Kim Family to own over 49% of AMKR's stock ** Selling stockholder expects to enter 180-day lockup on its remaining holdings ** AMKR has ~247.3 mln shares outstanding as of Feb 10, per the prospectus ** Goldman Sachs sole bookrunner for offering ** AMKR shares on Thurs closed down 8.2% at $51.59. Still, stock up 31% YTD and up nearly 140% over the past 12 months ** Of 12 analysts covering the stock, 4 rate "buy", 7 rate "hold" and 1 recommends "sell"; median PT of $55 up from $35 a month ago, per LSEG data (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))