Amkor Technology (NASDAQ:AMKR) Trading 4.9% Higher – Here’s What Happened
by Sarita Garza · The Markets DailyAmkor Technology, Inc. (NASDAQ:AMKR – Get Free Report)’s stock price traded up 4.9% during mid-day trading on Thursday . The company traded as high as $55.48 and last traded at $54.97. 1,190,327 shares changed hands during trading, a decline of 72% from the average session volume of 4,304,943 shares. The stock had previously closed at $52.42.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Amkor Technology from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $43.00 price objective on Amkor Technology in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, January 21st. B. Riley Financial raised their price objective on Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.13.
Read Our Latest Stock Report on AMKR
Amkor Technology Trading Up 4.4%
The company has a quick ratio of 2.01, a current ratio of 2.27 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $47.05 and its two-hundred day moving average price is $41.26. The company has a market capitalization of $13.53 billion, a PE ratio of 36.22 and a beta of 1.94.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last posted its earnings results on Monday, February 9th. The semiconductor company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.26. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a net margin of 5.57% and a return on equity of 8.66%. Amkor Technology’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Amkor Technology has set its Q1 2026 guidance at 0.180-0.280 EPS. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.
Amkor Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a $0.0835 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.33 annualized dividend and a yield of 0.6%. Amkor Technology’s dividend payout ratio (DPR) is 21.85%.
Insiders Place Their Bets
In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total value of $976,000.00. Following the completion of the sale, the director directly owned 543,866 shares in the company, valued at $26,540,660.80. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $44.54, for a total transaction of $222,700.00. Following the completion of the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at $1,732,784.16. This trade represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 52,500 shares of company stock worth $2,585,875 over the last three months. Company insiders own 26.90% of the company’s stock.
Institutional Trading of Amkor Technology
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 4.6% during the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after purchasing an additional 687,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Amkor Technology by 0.5% during the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock valued at $108,942,000 after purchasing an additional 17,656 shares during the last quarter. State Street Corp lifted its holdings in shares of Amkor Technology by 1.4% during the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after purchasing an additional 47,514 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Amkor Technology by 37.4% during the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after purchasing an additional 740,701 shares during the last quarter. 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 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.