Amkor Technology (AMKR) Scheduled to Post Earnings on Monday

Amkor Technology (NASDAQ:AMKR) will be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Amkor Technology has set its Q3 guidance at $0.42-0.56 EPS and its Q3 2024 guidance at 0.420-0.560 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $29.88 on Friday. The stock’s fifty day moving average is $30.78 and its two-hundred day moving average is $33.32. The company has a market capitalization of $7.34 billion, a PE ratio of 19.66 and a beta of 1.84. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. Amkor Technology has a 52 week low of $17.58 and a 52 week high of $44.86.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several research reports. StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley upped their price objective on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Needham & Company LLC increased their price target on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. initiated coverage on Amkor Technology in a report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, KeyCorp assumed coverage on Amkor Technology in a report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and an average target price of $40.75.

Insiders Place Their Bets

In other news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

Amkor Technology Company Profile

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.