Amkor Technology (NASDAQ:AMKR) Trading 8.7% Higher – Still a Buy?

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price shot up 8.7% during mid-day trading on Wednesday . The stock traded as high as $52.50 and last traded at $53.3090. 1,243,984 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 4,812,479 shares. The stock had previously closed at $49.05.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC increased their price target on Amkor Technology from $37.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 5th. JPMorgan Chase & Co. boosted their price objective on shares of Amkor Technology from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, B. Riley increased their price objective on shares of Amkor Technology from $29.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.14.

Amkor Technology Price Performance

The stock has a market cap of $13.20 billion, a PE ratio of 42.76 and a beta of 1.99. The firm’s 50-day moving average price is $41.47 and its two-hundred day moving average price is $31.94. The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. On average, equities analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is presently 26.40%.

Insider Transactions at Amkor Technology

In other news, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.44, for a total value of $928,800.00. Following the sale, the director owned 123,806 shares in the company, valued at $5,749,550.64. This represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maryfrances Mccourt sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $46.02, for a total value of $920,400.00. Following the completion of the sale, the director owned 55,918 shares in the company, valued at approximately $2,573,346.36. This represents a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,000 shares of company stock valued at $4,085,910 over the last quarter. Company insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently made changes to their positions in AMKR. Vanguard Group Inc. raised its holdings in shares of Amkor Technology by 4.6% during the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after acquiring an additional 687,900 shares during the last quarter. AQR Capital Management LLC raised its stake in Amkor Technology by 18.4% in the 3rd 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 last quarter. American Century Companies Inc. boosted its stake in Amkor Technology by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after purchasing an additional 17,656 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Amkor Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 2,255,475 shares of the semiconductor company’s stock worth $47,349,000 after buying an additional 27,432 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Amkor Technology by 17.6% in the third quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock valued at $56,277,000 after buying an additional 296,057 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

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.