Amkor Technology (NASDAQ:AMKR) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Amkor Technology (NASDAQ:AMKR) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research analysts have also weighed in on the company. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. DA Davidson raised their price target on 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 shares of Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group boosted their target price on shares of Amkor Technology from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.63.

Amkor Technology Stock Up 0.1%

Shares of NASDAQ:AMKR opened at $43.23 on Friday. The company has a market capitalization of $10.69 billion, a P/E ratio of 34.58 and a beta of 1.99. The stock’s fifty day simple moving average is $33.12 and its 200-day simple moving average is $26.27. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $44.06. 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 released its earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. As a group, equities research analysts forecast that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

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

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Monday, November 17th. The shares were sold at an average price of $31.68, for a total transaction of $316,800.00. Following the transaction, the chief executive officer owned 346,699 shares in the company, valued at approximately $10,983,424.32. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark N. Rogers sold 20,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $31.69, for a total value of $633,800.00. Following the completion of the sale, the executive vice president owned 23,862 shares of the company’s stock, valued at approximately $756,186.78. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 61,792 shares of company stock valued at $1,852,800. Company insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

A number of hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of Amkor Technology by 113.9% during the first quarter. US Bancorp DE now owns 7,811 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 4,159 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Amkor Technology by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 16,025,236 shares of the semiconductor company’s stock worth $289,416,000 after buying an additional 361,010 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Amkor Technology by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,092,078 shares of the semiconductor company’s stock valued at $37,783,000 after buying an additional 85,805 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Amkor Technology by 11.8% during the first quarter. Deutsche Bank AG now owns 21,429 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Amkor Technology by 31.2% during the first quarter. Covestor Ltd now owns 11,294 shares of the semiconductor company’s stock worth $205,000 after acquiring an additional 2,689 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Company Profile

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.