Amkor Technology (NASDAQ:AMKR) Hits New 52-Week High – Should You Buy?

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $39.00 and last traded at $39.4690, with a volume of 356849 shares. The stock had previously closed at $37.74.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday, October 8th. DA Davidson raised their price target on shares of Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Needham & Company LLC upped their price objective on Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased their price objective on Amkor Technology from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group boosted their target price on Amkor Technology from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.63.

Amkor Technology Stock Down 1.7%

The company has a market cap of $10.67 billion, a PE ratio of 34.54 and a beta of 1.99. The stock has a 50-day moving average of $32.56 and a 200-day moving average of $25.93. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. Sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a $0.0835 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. Amkor Technology’s payout ratio is 26.40%.

Insiders Place Their Bets

In other Amkor Technology news, EVP Farshad Haghighi sold 11,792 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total value of $294,800.00. Following the completion of the transaction, the executive vice president owned 8,354 shares of the company’s stock, valued at $208,850. The trade was a 58.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark N. Rogers sold 20,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $31.69, for a total transaction of $633,800.00. Following the sale, the executive vice president owned 23,862 shares in the company, valued at approximately $756,186.78. This trade represents a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 61,792 shares of company stock valued at $1,852,800 in the last quarter. Corporate insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

Several hedge funds have recently added to or reduced their stakes in AMKR. Royal Bank of Canada raised its position in Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 3,454,012 shares during the last quarter. SW Investment Management LLC grew its position in shares of Amkor Technology by 89.3% in the 1st quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company’s stock worth $47,859,000 after buying an additional 1,250,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after buying an additional 1,186,313 shares during the period. AQR Capital Management LLC raised its holdings in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after acquiring an additional 985,727 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Amkor Technology by 201.4% during the first quarter. Invesco Ltd. now owns 1,364,719 shares of the semiconductor company’s stock valued at $24,647,000 after acquiring an additional 911,886 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.