Equities research analysts at Bank of America started coverage on shares of Amkor Technology (NASDAQ:AMKR – Get Free Report) in a report issued on Thursday. The brokerage set a “buy” rating and a $70.00 price target on the semiconductor company’s stock. Bank of America‘s price objective indicates a potential upside of 44.63% from the company’s previous close.
A number of other equities analysts have also weighed in on AMKR. B. Riley Financial lowered their target price on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. UBS Group raised 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. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley boosted their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.
Get Our Latest Stock Analysis on Amkor Technology
Amkor Technology Price Performance
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced 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. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. Amkor Technology’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts forecast that Amkor Technology will post 2.62 EPS for the current year.
Insider Buying and Selling
In other news, Director Douglas A. Alexander sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the transaction, the director owned 29,109 shares of the company’s stock, valued at $1,624,573.29. This represents a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the sale, the director owned 486,732 shares in the company, valued at approximately $26,940,616.20. This represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,221 shares of company stock worth $3,059,887 in the last ninety days. Insiders own 26.40% of the company’s stock.
Institutional Trading of Amkor Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Amkor Technology in the 2nd quarter valued at $1,060,005,000. Fisher Asset Management LLC lifted its stake in shares of Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after buying an additional 1,407,109 shares in the last quarter. UBS Group AG lifted its stake in shares of Amkor Technology by 205.5% in the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after buying an additional 843,983 shares in the last quarter. Black Swift Group LLC acquired a new position in shares of Amkor Technology during the fourth quarter valued at about $797,000. Finally, Foster & Motley Inc. acquired a new position in shares of Amkor Technology during the second quarter valued at about $1,944,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.
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.
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