Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $51.73, but opened at $47.32. Amkor Technology shares last traded at $48.2990, with a volume of 655,269 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on AMKR. Morgan Stanley lifted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. B. Riley Financial decreased their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Bank of America initiated coverage on Amkor Technology in a research report on Thursday, August 27th. They issued a “buy” rating and a $70.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. Finally, UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $90.00 in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.
Check Out Our Latest Stock Analysis on AMKR
Amkor Technology Stock Performance
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 2.6 earnings per share for the current year.
Amkor Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. Amkor Technology’s payout ratio is 14.80%.
Insider Activity
In related news, Director Giel Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total value of $1,383,750.00. Following the sale, the director owned 486,732 shares in the company, valued at $26,940,616.20. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Rogers sold 5,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. 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 three months, insiders have sold 45,221 shares of company stock valued at $2,647,637. 26.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in AMKR. Whetstone Capital Advisors LLC purchased a new stake in Amkor Technology in the second quarter valued at $397,000. NewEdge Advisors LLC raised its stake in shares of Amkor Technology by 1,283.9% during the 2nd quarter. NewEdge Advisors LLC now owns 5,937 shares of the semiconductor company’s stock valued at $512,000 after buying an additional 5,508 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Amkor Technology by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 34,189 shares of the semiconductor company’s stock valued at $2,948,000 after buying an additional 240 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Amkor Technology by 5.5% in the 2nd quarter. Waverly Advisors LLC now owns 7,201 shares of the semiconductor company’s stock valued at $621,000 after buying an additional 377 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Amkor Technology in the second quarter worth about $351,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.
Amkor Technology Company Profile
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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