B. Riley Lowers Earnings Estimates for Amkor Technology

Amkor Technology, Inc. (NASDAQ:AMKR) – Equities research analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for Amkor Technology in a research note issued on Monday, October 28th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $1.40 per share for the year, down from their previous estimate of $1.50. The consensus estimate for Amkor Technology’s current full-year earnings is $1.55 per share. B. Riley also issued estimates for Amkor Technology’s Q4 2024 earnings at $0.36 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.72 EPS and FY2026 earnings at $2.25 EPS.

Other equities research analysts have also issued reports about the stock. DA Davidson dropped their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group dropped their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday. KeyCorp reduced their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC dropped their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.63.

Amkor Technology Stock Performance

Shares of AMKR opened at $25.45 on Wednesday. The firm has a market cap of $6.27 billion, a P/E ratio of 17.20 and a beta of 1.84. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. The firm’s 50 day moving average price is $30.49 and its two-hundred day moving average price is $33.22.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio is currently 20.95%.

Insider Activity

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

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new stake in shares of Amkor Technology during the second quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Amkor Technology during the 2nd quarter worth approximately $40,000. Headlands Technologies LLC acquired a new stake in Amkor Technology during the 1st quarter worth approximately $43,000. Larson Financial Group LLC boosted its stake in Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,130 shares during the period. Finally, Rothschild Investment LLC acquired a new position in Amkor Technology in the 2nd quarter valued at $52,000. 42.76% of the stock is owned by institutional investors.

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.