Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $44.98 and last traded at $44.4350, with a volume of 894061 shares changing hands. The stock had previously closed at $43.23.
Analyst Ratings Changes
Several research analysts recently issued reports on AMKR shares. JPMorgan Chase & Co. raised their target price on Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Needham & Company LLC raised their price objective on Amkor Technology from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. DA Davidson upped their target price on Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.63.
View Our Latest Analysis on Amkor Technology
Amkor Technology Price Performance
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue 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, research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.
Amkor Technology Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is 26.40%.
Insider Buying and Selling
In related news, EVP Mark N. Rogers sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.69, for a total transaction of $633,800.00. Following the transaction, the executive vice president owned 23,862 shares of the company’s stock, valued at $756,186.78. The trade was a 45.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $31.68, for a total value of $316,800.00. Following the sale, the chief executive officer owned 346,699 shares of the company’s stock, valued at $10,983,424.32. This trade represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,792 shares of company stock worth $1,852,800 in the last quarter. Insiders own 26.90% of the company’s stock.
Hedge Funds Weigh In On Amkor Technology
Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in shares of Amkor Technology in the third quarter valued at about $25,000. Bessemer Group Inc. grew its position in Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc increased its stake in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Amkor Technology by 1,050.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock worth $29,000 after buying an additional 1,250 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Amkor Technology in the 1st quarter worth approximately $27,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Amkor Technology
- How to Invest in the FAANG Stocks
- SoftBankâs Next AI Move? DigitalBridge Rockets 46% on Takeover Buzz
- Technology Stocks Explained: Here’s What to Know About Tech
- D-Wave’s 22% Surge: What’s Behind the December Rally?
- What is a Special Dividend?
- Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal
Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.
