Amkor Technology (NASDAQ:AMKR) Shares Gap Down After Analyst Downgrade

Amkor Technology, Inc. (NASDAQ:AMKR)’s share price gapped down before the market opened on Tuesday after B. Riley Financial lowered their price target on the stock from $75.00 to $65.00. The stock had previously closed at $60.71, but opened at $51.80. B. Riley Financial currently has a neutral rating on the stock. Amkor Technology shares last traded at $46.4820, with a volume of 3,687,424 shares.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group raised their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, April 6th. Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus target price of $68.12.

Insiders Place Their Bets

In other news, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total value of $70,300.00. Following the transaction, the chief financial officer directly owned 132,138 shares in the company, valued at approximately $9,289,301.40. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total transaction of $431,050.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $3,353,913.84. The trade was a 11.39% decrease in their position. 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. In the last ninety days, insiders sold 114,000 shares of company stock worth $8,631,450. Insiders own 26.40% of the company’s stock.

Trending Headlines about Amkor Technology

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Strong Q2 earnings beat: Amkor reported adjusted earnings of $0.70 per share versus the $0.47 consensus estimate and revenue of $1.90 billion versus expectations of $1.81 billion. Revenue increased 25.6% year over year, while EPS rose from $0.22 in the prior-year quarter. Amkor Technology Reports Financial Results for the Second Quarter 2026
• Positive Sentiment: Growth across key markets: The record quarter was driven by strength in computing, automotive, and industrial markets, supporting the view that demand for semiconductor packaging remains healthy. Amkor Delivers Record Q2 as Earnings, Revenue Crush Estimates
• Positive Sentiment: Above-consensus EPS outlook: Amkor forecast third-quarter EPS of $0.72-$0.82, ahead of the $0.62 analyst consensus. Needham also reaffirmed its Buy rating and maintained a $90 price target, implying substantial potential upside from recent levels.
• Neutral Sentiment: Mixed Q3 guidance: Revenue guidance of $2.0-$2.1 billion was broadly in line with, but at the midpoint below, the $2.1 billion consensus estimate. This could limit the earnings-driven rally despite the stronger EPS outlook.
• Neutral Sentiment: Analyst targets vary: The average analyst price target is approximately $68, modestly above recent trading levels, reflecting a more cautious consensus than Needham’s $90 target.
• Negative Sentiment: B. Riley lowered its target: B. Riley Financial cut its price target from $75 to $65 and downgraded its stance to Neutral. Although the new target still implies upside, the revision signals concern about valuation or the pace of future growth. Benzinga analyst update

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors have recently modified their holdings of AMKR. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 3,454,012 shares during the period. Fisher Asset Management LLC boosted its holdings in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after acquiring an additional 1,407,109 shares during the period. Norges Bank purchased a new position in Amkor Technology during the 4th quarter valued at about $53,702,000. Arrowstreet Capital Limited Partnership grew its position in Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after acquiring an additional 1,186,313 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after acquiring an additional 985,727 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company has a market capitalization of $11.27 billion, a PE ratio of 25.94 and a beta of 2.20. The stock’s 50 day simple moving average is $73.25 and its 200-day simple moving average is $60.82.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 EPS 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 analyst estimates of $1.81 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Amkor Technology Company Profile

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.