Amkor Technology (NASDAQ:AMKR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Amkor Technology, Inc. (NASDAQ:AMKR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.92 and traded as high as $40.68. Amkor Technology shares last traded at $40.09, with a volume of 1,669,581 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMKR. Needham & Company LLC upped their price objective on Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Amkor Technology from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group raised their price objective on shares of Amkor Technology from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Amkor Technology has an average rating of “Hold” and a consensus price target of $29.63.

Amkor Technology Trading Down 1.2%

The stock has a market capitalization of $9.91 billion, a PE ratio of 32.07 and a beta of 1.99. The stock’s 50 day moving average price is $36.96 and its 200-day moving average price is $28.92. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. Amkor Technology’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. On average, sell-side analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is currently 26.40%.

Insider Activity

In related news, EVP Mark N. Rogers sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.69, for a total transaction of $633,800.00. Following the sale, the executive vice president owned 23,862 shares of the company’s stock, valued at approximately $756,186.78. This trade represents a 45.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Engel sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $46.21, for a total value of $508,310.00. Following the completion of the transaction, the executive vice president directly owned 349 shares in the company, valued at approximately $16,127.29. This represents a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,000 shares of company stock valued at $3,615,510 in the last three months. 26.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors have recently bought and sold shares of AMKR. Focus Partners Wealth lifted its holdings in shares of Amkor Technology by 22.2% in the 1st quarter. Focus Partners Wealth now owns 303,549 shares of the semiconductor company’s stock valued at $5,482,000 after acquiring an additional 55,156 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Amkor Technology during the second quarter worth approximately $311,000. Mirae Asset Global Investments Co. Ltd. raised its position in Amkor Technology by 5.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,690 shares of the semiconductor company’s stock valued at $8,285,000 after purchasing an additional 18,737 shares during the period. CWM LLC lifted its stake in shares of Amkor Technology by 85.3% in the 2nd quarter. CWM LLC now owns 51,940 shares of the semiconductor company’s stock valued at $1,090,000 after purchasing an additional 23,914 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Amkor Technology by 118.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 353,370 shares of the semiconductor company’s stock worth $7,417,000 after purchasing an additional 191,626 shares during the period. 42.76% of the stock is 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.