Amkor Technology (NASDAQ:AMKR) Stock Rating Lowered by Zacks Research

Amkor Technology (NASDAQ:AMKR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

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

Amkor Technology Stock Up 1.8%

Shares of AMKR opened at $54.14 on Monday. Amkor Technology has a 52-week low of $28.03 and a 52-week high of $96.68. 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 stock has a fifty day simple moving average of $52.09 and a two-hundred day simple moving average of $61.59. The company has a market capitalization of $13.45 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 0.65 and a beta of 2.22.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results 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. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts forecast that Amkor Technology will post 2.6 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $49.05, for a total value of $49,050.00. Following the completion of the sale, the chief financial officer owned 134,105 shares in the company, valued at approximately $6,577,850.25. This trade represents a 0.74% decrease in their position. The transaction 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 Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the sale, the director directly owned 29,109 shares in the company, valued at approximately $1,624,573.29. The trade was a 14.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 40,221 shares of company stock worth $2,216,587. Insiders own 26.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 135 shares during the period. Arista Wealth Management LLC increased its position in shares of Amkor Technology by 1.2% during the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after acquiring an additional 157 shares during the period. CoreCap Advisors LLC raised its stake 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 in the last quarter. Evolve Private Wealth LLC raised its stake in shares of Amkor Technology by 3.0% in the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 222 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Amkor Technology by 8.6% in the first quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.