Amkor Technology (NASDAQ:AMKR) Stock Rating Cut to Hold at Zacks Research

Zacks Research lowered shares of Amkor Technology (NASDAQ:AMKR) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other analysts have also weighed in on AMKR. Bank of America assumed coverage on Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 price objective on the stock. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $90.00 in a report on Friday, July 24th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Morgan Stanley upped their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Amkor Technology Stock Up 1.8%

Amkor Technology stock opened at $54.14 on Monday. 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. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology has a fifty-two week low of $28.03 and a fifty-two week high of $96.68. The firm has a 50 day moving average price of $52.09 and a 200 day moving average price of $61.59.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Research analysts expect that Amkor Technology will post 2.6 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 2nd. Amkor Technology’s dividend payout ratio (DPR) is currently 14.80%.

Insider Activity at Amkor Technology

In related news, EVP Mark Rogers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their position. The transaction 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, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director owned 486,732 shares in the company, valued at approximately $26,940,616.20. This represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,221 shares of company stock valued at $2,216,587. Corporate insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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. Clearstead Trust LLC purchased a new position in Amkor Technology in the 2nd quarter valued at $43,000. Ceredex Value Advisors LLC acquired a new position in Amkor Technology in the 2nd quarter valued at $47,000. Solstein Capital LLC purchased a new position in Amkor Technology during the 2nd quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $54,000. 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 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.