Amkor Technology (NASDAQ:AMKR) Stock Gets Price Target Cut from Morgan Stanley

Amkor Technology (NASDAQ:AMKR) had its target price trimmed by Morgan Stanley from $70.00 to $63.00 in a research report released on Tuesday, MarketBeat reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $90.00 in a research report on Friday, July 24th. B. Riley Financial dropped their target price on shares of Amkor Technology from $65.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Bank of America initiated coverage on shares of Amkor Technology in a research note on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Amkor Technology has an average rating of “Hold” and an average price target of $62.50.

Amkor Technology Price Performance

NASDAQ AMKR opened at $41.21 on Tuesday. The company has a 50-day moving average price of $48.20 and a two-hundred day moving average price of $57.13. Amkor Technology has a 52 week low of $29.76 and a 52 week high of $96.68. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.53 and a beta of 2.21. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.48.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 26th. The semiconductor company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Amkor Technology had a net margin of 8.30% and a return on equity of 13.32%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that Amkor Technology will post 2.50 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. Amkor Technology’s dividend payout ratio (DPR) is 13.31%.

Insider Transactions at Amkor Technology

In related news, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $46.92, for a total value of $46,920.00. Following the completion of the sale, the chief financial officer owned 133,105 shares of the company’s stock, valued at approximately $6,245,286.60. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas Alexander sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director directly owned 29,109 shares of the company’s stock, valued at $1,600,995. This represents 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 sold a total of 43,000 shares of company stock worth $2,387,120 in the last ninety days. Company insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors have recently made changes to their positions in AMKR. BlackRock Inc. acquired a new stake in Amkor Technology in the 2nd quarter valued at approximately $1,060,005,000. Jefferies Financial Group Inc. acquired a new position in shares of Amkor Technology during the second quarter worth approximately $13,491,000. Public Employees Retirement System of Ohio acquired a new position in shares of Amkor Technology during the second quarter worth approximately $3,575,000. Corient Private Wealth LP boosted its position in shares of Amkor Technology by 142.7% in the second quarter. Corient Private Wealth LP now owns 158,037 shares of the semiconductor company’s stock valued at $13,628,000 after acquiring an additional 92,929 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Amkor Technology in the second quarter valued at approximately $8,524,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology News Summary

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

• Positive Sentiment: Amkor’s AI-related business remains a key potential growth driver. Expansion efforts involving NVIDIA, Apple and AMD could support demand for advanced packaging, while improved quarterly margins indicate better profitability despite relatively flat revenue. Amkor’s Mobile Business Is Slowing, But Its AI Ambitions Aren’t Amkor Technology Stock Jumps As Q3 Earnings Reveal Margin Power
• Neutral Sentiment: Amkor’s planned annual capital spending of approximately $2.5 billion highlights the company’s aggressive investment in capacity and advanced packaging, particularly for AI. However, the scale of the spending raises questions about returns and how quickly new facilities will contribute to earnings. Amkor Technology Capital Expenditure Analysis
• Neutral Sentiment: Analyst views remain mixed after the results. Some see a potential AI-driven recovery, while others believe Amkor faces a difficult near-term operating environment as it transitions from mobile-focused growth toward advanced packaging. Analysts’ Opinions Are Mixed on Amkor Is Amkor Technology Ready for an AI-Driven Comeback?
• Negative Sentiment: Amkor reported quarterly EPS of $0.76 versus the $0.78 consensus estimate, while revenue of $1.99 billion also missed expectations of $2.04 billion. Revenue was essentially flat year over year, with mobile weakness offsetting AI-related gains. Amkor Technology Faces a Tough Test After Results
• Negative Sentiment: B. Riley, Morgan Stanley and Needham each lowered their price expectations for AMKR following the earnings miss, signaling reduced confidence in near-term upside. B. Riley Lowers Amkor Expectations Morgan Stanley Cuts Amkor Price Target Needham Lowers Amkor Expectations
• Negative Sentiment: Investors are also monitoring potential dilution, reported earnings pressure and tighter liquidity associated with Amkor’s 2031 convertible notes. Unusually heavy put-option activity adds another sign of heightened downside hedging. Amkor’s 2031 Convertible Notes Amkor Put Option Activity

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.