Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $41.70, but opened at $44.50. Amkor Technology shares last traded at $43.2020, with a volume of 911,386 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Bank of America assumed coverage on Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Morgan Stanley lifted their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.22.
Get Our Latest Analysis on AMKR
Amkor Technology Stock Up 4.8%
The company has a market cap of $10.86 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 0.52 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 stock has a fifty day moving average price of $50.29 and a two-hundred day moving average price of $61.92.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. Amkor Technology’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior 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 expect that Amkor Technology, Inc. will post 2.60 EPS for the current year.
Amkor Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were paid a $0.0835 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.8%. Amkor Technology’s dividend payout ratio is presently 14.80%.
Insider Transactions at Amkor Technology
In related news, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total transaction of $46,920.00. Following the transaction, the chief financial officer directly owned 133,105 shares in the company, valued at approximately $6,245,286.60. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 486,732 shares in the company, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 46,221 shares of company stock worth $2,538,507. 26.40% of the stock is owned by insiders.
Institutional Trading of Amkor Technology
Several hedge funds have recently added to or reduced their stakes in AMKR. BlackRock Inc. bought a new position in Amkor Technology during the second quarter valued at $1,060,005,000. Jefferies Financial Group Inc. purchased a new stake in Amkor Technology in the second quarter worth $13,491,000. Public Employees Retirement System of Ohio purchased a new stake in Amkor Technology in the second quarter worth $3,575,000. Corient Private Wealth LP raised its stake in shares of Amkor Technology by 142.7% in the second quarter. Corient Private Wealth LP now owns 158,037 shares of the semiconductor company’s stock valued at $13,628,000 after buying an additional 92,929 shares during the period. Finally, Foster & Motley Inc. bought a new stake in shares of Amkor Technology in the second quarter valued at $1,944,000. Institutional investors own 42.76% of the company’s stock.
Amkor Technology Company Profile
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.
Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.
Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.
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