Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) Director Douglas Alexander sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director owned 29,109 shares of the company’s stock, valued at $1,600,995. This trade represents a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amkor Technology Price Performance
Shares of NASDAQ:AMKR traded down $1.24 during midday trading on Tuesday, hitting $53.39. The company had a trading volume of 2,912,774 shares, compared to its average volume of 4,860,481. Amkor Technology, Inc. has a twelve month low of $28.19 and a twelve month high of $96.68. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 0.69 and a beta of 2.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The business’s 50-day simple moving average is $51.25 and its 200-day simple moving average is $61.88.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates 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 for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, research analysts predict that Amkor Technology, Inc. will post 2.6 earnings per share for the current year.
Amkor Technology Announces Dividend
Analysts Set New Price Targets
Several research firms recently issued reports on AMKR. Bank of America initiated coverage on shares of Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 price objective for the company. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. Morgan Stanley raised 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. Finally, UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and upped their price objective for the company from $80.00 to $90.00 in a report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.33.
Check Out Our Latest Analysis on AMKR
Hedge Funds Weigh In On Amkor Technology
A number of hedge funds have recently made changes to their positions in AMKR. CoreCap Advisors LLC grew its stake in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares in the last quarter. Clearstead Trust LLC purchased a new position in Amkor Technology during the 2nd quarter valued at about $43,000. Ceredex Value Advisors LLC acquired a new position in Amkor Technology in the 2nd quarter valued at about $47,000. Solstein Capital LLC acquired a new stake in shares of Amkor Technology during the second quarter worth about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Amkor Technology in the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.
About Amkor Technology
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.
Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.
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