Amkor Technology (NASDAQ:AMKR) Price Target Cut to $63.00 by Analysts at Morgan Stanley

Amkor Technology (NASDAQ:AMKR) had its target price dropped by equities researchers at Morgan Stanley from $70.00 to $63.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley‘s price target would indicate a potential upside of 71.15% from the stock’s previous close.

AMKR has been the topic of several other reports. Needham & Company LLC cut their target price on shares of Amkor Technology from $90.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. B. Riley Financial decreased their target price on Amkor Technology from $65.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, October 20th. Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $90.00 in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.56.

Amkor Technology Stock Down 6.3%

AMKR stock opened at $36.81 on Tuesday. Amkor Technology has a 52-week low of $29.50 and a 52-week high of $96.68. The company’s 50 day simple moving average is $49.07 and its 200-day simple moving average is $57.29. 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 firm has a market capitalization of $9.15 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.48 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 26th. The semiconductor company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Amkor Technology will post 2.60 EPS for the current year.

Insider Buying and Selling at Amkor Technology

In other news, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the transaction, the chief financial officer directly owned 133,105 shares of the company’s stock, valued at approximately $6,245,286.60. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Rogers sold 5,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $2,325,681.12. This represents a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,221 shares of company stock worth $2,538,507 over the last 90 days. 26.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in shares of Amkor Technology during the 3rd quarter valued at about $229,000. Signaturefd LLC increased its holdings in Amkor Technology by 7.3% in the third quarter. Signaturefd LLC now owns 5,714 shares of the semiconductor company’s stock worth $299,000 after buying an additional 390 shares during the last quarter. Sowell Financial Services LLC raised its position in Amkor Technology by 19.2% during the third quarter. Sowell Financial Services LLC now owns 33,703 shares of the semiconductor company’s stock valued at $1,765,000 after acquiring an additional 5,417 shares in the last quarter. Wedbush Securities Inc. raised its position in Amkor Technology by 6.7% during the third quarter. Wedbush Securities Inc. now owns 4,395 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 275 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Amkor Technology by 1.6% in the third quarter. Yousif Capital Management LLC now owns 32,062 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 498 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor reported third-quarter gross profit of approximately $364 million, an 18.3% gross margin and an 11.3% operating margin. Net income increased to $191 million, while EPS rose to $0.76 from $0.51 a year earlier. Amkor Technology Q3 Revenue and Margins
• Positive Sentiment: Computing and automotive revenue reportedly reached records, supporting the company’s diversification beyond communications and strengthening the case for continued packaging demand. Amkor Third-Quarter Results
• Positive Sentiment: A reported $3 billion strategic AI-packaging opportunity involving NVIDIA provides a potentially significant long-term catalyst. The deal has fueled arguments that AMKR may be undervalued despite its recent decline. Amkor AI Packaging Deal
• Neutral Sentiment: Amkor’s $1.99 billion quarterly revenue was essentially flat year over year, indicating that margin expansion and mix improvements—not broad-based sales growth—were the main earnings positives.
• Negative Sentiment: Revenue of $1.99 billion fell short of the roughly $2.04 billion consensus estimate, while EPS of $0.76 missed expectations near $0.78–$0.79. Amkor Q3 Earnings Miss
• Negative Sentiment: Management’s outlook reportedly came in below analyst expectations, intensifying concerns about near-term demand and execution despite the AI opportunity. Amkor Guidance Miss
• Negative Sentiment: Sentiment was already weak ahead of the report following an analyst price-target reduction to $46 from $65, elevated put-option activity, and broader semiconductor-sector pressure. AMKR also trades well below its 50-day and 200-day moving averages. Amkor Pre-Earnings Pressure

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.