Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) CEO Kevin Engel sold 3,221 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the transaction, the chief executive officer directly owned 9,666 shares in the company, valued at $454,302. This represents a 24.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Amkor Technology Price Performance
Shares of Amkor Technology stock opened at $49.87 on Monday. The stock’s 50-day moving average is $71.67 and its 200 day moving average is $60.67. Amkor Technology, Inc. has a one year low of $21.57 and a one year high of $96.68. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 22.36 and a beta of 2.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its earnings results 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. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 2.62 EPS for the current year.
Amkor Technology Announces Dividend
Analysts Set New Price Targets
AMKR has been the topic of several research analyst reports. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. 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 research note on Tuesday, July 28th. The Goldman Sachs Group upped their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research report on Tuesday, July 28th. Finally, Morgan Stanley raised their target price on Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.12.
Check Out Our Latest Analysis on Amkor Technology
Hedge Funds Weigh In On Amkor Technology
Several large investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in Amkor Technology during the 2nd quarter worth approximately $242,000. Handelsbanken Fonder AB lifted its holdings in shares of Amkor Technology by 14.6% in the second quarter. Handelsbanken Fonder AB now owns 40,876 shares of the semiconductor company’s stock valued at $3,525,000 after purchasing an additional 5,200 shares in the last quarter. KMG Fiduciary Partners LLC purchased a new position in shares of Amkor Technology during the second quarter valued at approximately $376,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Amkor Technology during the second quarter valued at approximately $325,000. Finally, Arista Wealth Management LLC grew its holdings in Amkor Technology by 1.2% during the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after buying an additional 157 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.
About Amkor Technology
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.
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