Amkor Technology (NASDAQ:AMKR) Issues Earnings Results

Amkor Technology (NASDAQ:AMKR) issued its quarterly earnings data on Monday. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06, Zacks reports. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Amkor Technology updated its Q1 2025 guidance to 0.010-0.170 EPS.

Amkor Technology Stock Down 11.4 %

AMKR opened at $21.59 on Wednesday. Amkor Technology has a twelve month low of $21.59 and a twelve month high of $44.86. The company’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $28.20. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 14.59 and a beta of 1.81. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Morgan Stanley dropped their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday. Finally, DA Davidson decreased their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology has a consensus rating of “Hold” and a consensus target price of $31.50.

About Amkor Technology

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.