Amkor Technology (NASDAQ:AMKR) Now Covered by Bank of America

Analysts at Bank of America began coverage on shares of Amkor Technology (NASDAQ:AMKR) in a research report issued on Thursday. The firm set a “buy” rating and a $70.00 price target on the semiconductor company’s stock. Bank of America‘s price target indicates a potential upside of 44.63% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. Morgan Stanley boosted their target price on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. B. Riley Financial reduced their target price on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Amkor Technology Trading Down 0.6%

NASDAQ AMKR opened at $48.40 on Thursday. The firm has a market capitalization of $12.02 billion, a P/E ratio of 21.70 and a beta of 2.24. The business has a fifty day simple moving average of $64.14 and a 200 day simple moving average of $61.23. Amkor Technology has a 12 month low of $23.36 and a 12 month high of $96.68. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50.

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, topping analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts predict that Amkor Technology will post 2.62 EPS for the current fiscal year.

Insider Transactions at Amkor Technology

In other Amkor Technology news, Director Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $55.81, for a total value of $279,050.00. Following the sale, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of the company’s stock in a transaction 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 in the company, valued at $454,302. This represents a 24.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 50,221 shares of company stock valued at $3,059,887. 26.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 158 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. 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.