Amkor Technology (NASDAQ:AMKR) Shares Gap Up – Here’s What Happened

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $48.40, but opened at $52.38. Amkor Technology shares last traded at $51.1910, with a volume of 1,212,718 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America initiated coverage on shares of Amkor Technology in a report on Thursday. They set a “buy” rating and a $70.00 price target for the company. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Morgan Stanley boosted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. B. Riley Financial decreased their price objective on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and upped their price objective for the company from $80.00 to $90.00 in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Amkor Technology Stock Performance

The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $64.14 and a 200 day simple moving average of $61.23. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 23.03 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts predict that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be given a $0.0835 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a yield of 0.6%. Amkor Technology’s dividend payout ratio is 14.80%.

Insider Activity

In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology 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 approximately $454,302. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas A. Alexander sold 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the sale, the director directly owned 29,109 shares of the company’s stock, valued at $1,624,573.29. The trade was a 14.66% 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 have sold 50,221 shares of company stock worth $3,059,887 over the last 90 days. 26.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in AMKR. Bessemer Group Inc. lifted its position in Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 135 shares during the period. Arista Wealth Management LLC increased its holdings in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after purchasing an additional 157 shares during the period. CoreCap Advisors LLC raised its stake in shares of 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 last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other 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.