Amkor Technology (AMKR) Announces Quarterly Earnings Results

Amkor Technology (NASDAQ:AMKR) issued its earnings results on Monday. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06, Bloomberg Earnings reports. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. Amkor Technology updated its Q1 guidance to ($0.02)-$0.11 EPS.

Shares of Amkor Technology (AMKR) traded up $0.23 during trading on Monday, reaching $9.50. 2,460,139 shares of the company’s stock traded hands, compared to its average volume of 983,396. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92. The stock has a market capitalization of $2,218.12, a PE ratio of 8.72 and a beta of 2.52. Amkor Technology has a twelve month low of $8.32 and a twelve month high of $12.48.

AMKR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. BidaskClub cut shares of Amkor Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, ValuEngine cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.50.

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About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

Earnings History for Amkor Technology (NASDAQ:AMKR)

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