Amkor Technology (NASDAQ:AMKR) Shares Gap Up – Should You Buy?

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price gapped up before the market opened 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMKR. Bank of America initiated coverage on shares of Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.22.

Amkor Technology Trading Up 4.8%

The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.52 and a beta of 2.21. The business has a 50-day simple moving average of $50.29 and a two-hundred day simple moving average of $61.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.22 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, research analysts forecast that Amkor Technology, Inc. will post 2.60 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were issued 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 (DPR) is presently 14.80%.

Insider Activity

In related news, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the transaction, the chief executive officer directly owned 9,666 shares of the company’s stock, valued at $454,302. This trade represents a 24.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director directly owned 486,732 shares in the company, valued at $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. In the last quarter, insiders sold 46,221 shares of company stock worth $2,538,507. 26.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Amkor Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Amkor Technology in the 2nd quarter valued at about $1,060,005,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Amkor Technology in the second quarter valued at about $152,110,000. Bank of New York Mellon Corp acquired a new stake in shares of Amkor Technology in the second quarter valued at about $90,656,000. Bank of Nova Scotia bought a new position in shares of Amkor Technology during the second quarter worth about $58,273,000. Finally, Principal Financial Group Inc. raised its position in shares of Amkor Technology by 19.3% during the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock worth $118,107,000 after acquiring an additional 423,629 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

About Amkor Technology

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.