Amkor Technology (NASDAQ:AMKR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Amkor Technology (NASDAQ:AMKR) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other analysts also recently issued reports on the company. DA Davidson upped their price objective on Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Needham & Company LLC upped their target price on shares of Amkor Technology from $37.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their price target on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. UBS Group set a $50.00 price objective on shares of Amkor Technology in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.71.

Amkor Technology Stock Down 1.4%

Shares of NASDAQ AMKR opened at $51.58 on Friday. The firm’s 50-day moving average is $39.79 and its two-hundred day moving average is $30.78. The company has a market capitalization of $12.75 billion, a PE ratio of 41.26 and a beta of 1.99. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $53.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.93 billion. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. Equities analysts anticipate that Amkor Technology will post 1.47 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a $0.0835 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.6%. Amkor Technology’s dividend payout ratio is 26.40%.

Insider Activity

In other Amkor Technology news, EVP Mark N. Rogers sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $31.69, for a total value of $633,800.00. Following the transaction, the executive vice president directly owned 23,862 shares of the company’s stock, valued at $756,186.78. This trade represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maryfrances Mccourt sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.02, for a total value of $920,400.00. Following the completion of the sale, the director directly owned 55,918 shares of the company’s stock, valued at $2,573,346.36. The trade was a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 91,000 shares of company stock worth $3,615,510. Insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in Amkor Technology during the third quarter valued at $25,000. Bessemer Group Inc. boosted its holdings in shares of Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 391 shares during the period. IFP Advisors Inc grew its position in shares of Amkor Technology by 91.2% during 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. grew 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 valued at $29,000 after buying an additional 1,250 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Amkor Technology by 416.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 1,292 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

About Amkor Technology

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.