Amkor Technology’s (AMKR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Amkor Technology (NASDAQ:AMKR) in a research report released on Tuesday morning,Benzinga reports. They currently have a $90.00 price objective on the semiconductor company’s stock.

AMKR has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. B. Riley Financial lowered their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, April 6th. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $90.00 in a research report on Friday, July 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average target price of $68.12.

Amkor Technology Trading Up 12.9%

Shares of AMKR stock opened at $48.26 on Tuesday. The stock’s fifty day moving average price is $71.99 and its two-hundred day moving average price is $60.68. The company has a market cap of $11.99 billion, a PE ratio of 21.64 and a beta of 2.20. Amkor Technology has a fifty-two week low of $21.57 and a fifty-two week high of $96.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.74 and a current ratio of 2.17.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company earned $0.22 EPS. Amkor Technology’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts predict that Amkor Technology will post 2.4 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 3rd. Amkor Technology’s payout ratio is currently 14.80%.

Insiders Place Their Bets

In other news, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total value of $70,300.00. Following the transaction, the chief financial officer owned 132,138 shares in the company, valued at approximately $9,289,301.40. The trade was a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction 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. This represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last three months. Insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds have recently bought and sold shares of AMKR. IFP Advisors Inc grew its holdings in Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 447 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares in the last quarter. CoreCap Advisors LLC grew its stake in Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 158 shares during the period. Finally, Advisors Asset Management Inc. increased 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 worth $40,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

About Amkor Technology

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.