Amkor Technology (NASDAQ:AMKR) Issues FY 2030 Earnings Guidance

Amkor Technology (NASDAQ:AMKRGet Free Report) updated its FY 2030 earnings guidance on Thursday. The company provided EPS guidance of 5.000- for the period. The company issued revenue guidance of $11.0B-. Amkor Technology also updated its FY 2028 guidance to 2.250-2.750 EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMKR. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Needham & Company LLC raised their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley raised their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and an average price target of $62.75.

Read Our Latest Research Report on Amkor Technology

Amkor Technology Stock Down 0.2%

Amkor Technology stock opened at $65.75 on Friday. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 37.57 and a beta of 2.29. Amkor Technology has a 52 week low of $17.79 and a 52 week high of $79.23. The business’s 50-day moving average price is $60.04 and its 200 day moving average price is $49.37. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Amkor Technology will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Insider Activity

In other Amkor Technology news, Director Douglas A. Alexander sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the sale, the director directly owned 29,109 shares of the company’s stock, valued at approximately $2,229,167.22. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the sale, the director directly owned 502,558 shares in the company, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 145,500 shares of company stock valued at $9,844,325 over the last 90 days. Company insiders own 26.40% of the company’s stock.

Trending Headlines about Amkor Technology

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Institutional Trading of Amkor Technology

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the period. Smartleaf Asset Management LLC grew its holdings in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares during the period. Advisors Asset Management Inc. grew its holdings in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. State of Wyoming acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $41,000. Finally, Quarry LP acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $42,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Company Profile

(Get Free Report)

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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