Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of “Moderate Buy” by Brokerages

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $68.3333.

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $90.00 in a research report on Friday, July 24th. Finally, Bank of America assumed coverage on Amkor Technology in a research note on Thursday, August 27th. They issued a “buy” rating and a $70.00 price objective on the stock.

Read Our Latest Stock Analysis on Amkor Technology

Insider Buying and Selling

In other Amkor Technology news, EVP Mark Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $2,325,681.12. The trade was a 11.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $49.05, for a total value of $49,050.00. Following the completion of the sale, the chief financial officer directly owned 134,105 shares of the company’s stock, valued at $6,577,850.25. This represents a 0.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 45,221 shares of company stock worth $2,647,637. 26.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its holdings in shares of Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 158 shares during the period. Clearstead Trust LLC acquired a new position in shares of Amkor Technology during the second quarter valued at about $43,000. Ceredex Value Advisors LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $47,000. Solstein Capital LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amkor Technology during the second quarter worth about $54,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Trading Down 3.5%

Shares of AMKR stock opened at $49.53 on Friday. Amkor Technology has a 12 month low of $24.86 and a 12 month high of $96.68. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $56.29 and its two-hundred day moving average is $61.13. The company has a market cap of $12.31 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 0.63 and a beta of 2.22.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts predict that Amkor Technology will post 2.6 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is 14.80%.

Amkor Technology Company Profile

(Get Free Report)

Amkor Technology, Inc (NASDAQ: AMKR) is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.

Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.

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Analyst Recommendations for Amkor Technology (NASDAQ:AMKR)

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