Amkor Technology (NASDAQ:AMKR) Issues Q4 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $0.11-0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $1.05-1.14 billion, compared to the consensus revenue estimate of $1.07 billion.

A number of brokerages recently issued reports on AMKR. BidaskClub upgraded Amkor Technology from a buy rating to a strong-buy rating in a research note on Saturday, October 5th. ValuEngine downgraded Amkor Technology from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Amkor Technology from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $8.33.

AMKR stock traded up $0.25 during midday trading on Monday, hitting $11.08. The company’s stock had a trading volume of 1,515,200 shares, compared to its average volume of 899,674. Amkor Technology has a 12 month low of $5.74 and a 12 month high of $11.19. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 20.91 and a beta of 1.90. The company has a 50 day moving average of $9.55 and a two-hundred day moving average of $8.39.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Amkor Technology had a return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $895.31 million during the quarter, compared to the consensus estimate of $896.05 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was down 16.0% compared to the same quarter last year. On average, analysts anticipate that Amkor Technology will post 0.15 earnings per share for the current fiscal year.

In other Amkor Technology news, Director Gil C. Tily sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $9.09, for a total value of $113,625.00. Following the completion of the transaction, the director now directly owns 87,325 shares in the company, valued at approximately $793,784.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 59.60% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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