Amkor Technology (NASDAQ:AMKR) Releases Q2 2021 Earnings Guidance


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Amkor Technology (NASDAQ:AMKR) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.320-0.520 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.430. The company issued revenue guidance of $1.29 billion-$1.39 billion, compared to the consensus revenue estimate of $1.35 billion.

Shares of NASDAQ AMKR traded down $0.75 on Tuesday, reaching $19.19. 19,626 shares of the company traded hands, compared to its average volume of 2,187,591. Amkor Technology has a fifty-two week low of $9.04 and a fifty-two week high of $27.50. The company has a 50 day moving average of $23.49 and a 200 day moving average of $18.42. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.68 billion, a PE ratio of 15.58 and a beta of 1.63.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Sunday, April 25th. The semiconductor company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Amkor Technology had a net margin of 6.39% and a return on equity of 14.81%. The company had revenue of $1.33 billion during the quarter. During the same period in the prior year, the company earned $0.26 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. As a group, research analysts expect that Amkor Technology will post 1.24 earnings per share for the current year.

A number of brokerages have recently issued reports on AMKR. Zacks Investment Research upgraded Amkor Technology from a hold rating to a strong-buy rating and set a $22.00 target price for the company in a report on Thursday, February 11th. Citigroup increased their target price on Amkor Technology from $13.00 to $15.00 in a research report on Thursday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $17.25.

In other news, EVP John Charles Stone sold 84,375 shares of the firm’s stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $21.35, for a total transaction of $1,801,406.25. Following the transaction, the executive vice president now directly owns 90,641 shares of the company’s stock, valued at $1,935,185.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Megan Faust sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the chief financial officer now directly owns 19,844 shares in the company, valued at $486,574.88. The disclosure for this sale can be found here. Insiders have sold 273,832 shares of company stock worth $6,359,979 over the last three months. Corporate insiders own 59.30% of the company’s stock.

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 rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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