Amkor Technology (NASDAQ:AMKR) Shares Up 8.7% – Still a Buy?

Amkor Technology, Inc. (NASDAQ:AMKR)’s share price was up 8.7% during trading on Wednesday . The stock traded as high as $52.50 and last traded at $53.3090. Approximately 1,243,984 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 4,812,479 shares. The stock had previously closed at $49.05.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMKR shares. JPMorgan Chase & Co. lifted their price objective 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. Needham & Company LLC lifted their price target on shares of Amkor Technology from $37.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. William Blair upgraded shares of Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday. Finally, DA Davidson raised their price objective on Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Amkor Technology Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.29 billion, a PE ratio of 39.77 and a beta of 1.99. The firm’s 50-day simple moving average is $42.26 and its two-hundred day simple moving average is $32.23.

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. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. On average, equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.0835 per share. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is presently 26.40%.

Insiders Place Their Bets

In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.44, for a total transaction of $928,800.00. Following the completion of the sale, the director directly owned 123,806 shares in the company, valued at approximately $5,749,550.64. This trade represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $53.14, for a total transaction of $531,400.00. Following the completion of the transaction, the director owned 335,391 shares in the company, valued at approximately $17,822,677.74. This represents a 2.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 96,000 shares of company stock valued at $4,085,910 over the last ninety days. Insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amkor Technology by 913.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Amkor Technology by 73.4% in the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in Amkor Technology in the first quarter worth approximately $271,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

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.