Amkor Technology (NASDAQ:AMKR) Raised to “Buy” at Wall Street Zen

Amkor Technology (NASDAQ:AMKRGet Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Amkor Technology from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday. Needham & Company LLC boosted their price objective on Amkor Technology from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group set a $43.00 price objective on shares of Amkor Technology in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Amkor Technology has an average rating of “Hold” and an average price target of $49.86.

Read Our Latest Stock Report on Amkor Technology

Amkor Technology Trading Down 8.0%

Shares of AMKR opened at $47.48 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.27 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $46.75 and a 200-day simple moving average of $35.35. Amkor Technology has a 1-year low of $14.03 and a 1-year high of $57.09. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 31.44 and a beta of 2.00.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its earnings results on Monday, February 9th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.26. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.66% and a net margin of 5.57%.Amkor Technology’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Amkor Technology has set its Q1 2026 guidance at 0.180-0.280 EPS. Equities analysts forecast that Amkor Technology will post 1.47 EPS for the current fiscal year.

Insider Activity at Amkor Technology

In related news, Director Maryfrances Mccourt sold 20,000 shares of Amkor Technology stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.02, for a total value of $920,400.00. Following the completion of the transaction, the director directly owned 55,918 shares in the company, valued at approximately $2,573,346.36. This trade represents a 26.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark N. Rogers sold 20,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $31.69, for a total value of $633,800.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares of the company’s stock, valued at approximately $756,186.78. This represents a 45.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 96,000 shares of company stock worth $4,085,910 over the last 90 days. Company insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after purchasing an additional 222,107 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of Amkor Technology in the 1st quarter worth about $271,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology News Summary

Here are the key news stories impacting Amkor Technology this week:

About Amkor Technology

(Get Free Report)

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.

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Analyst Recommendations for Amkor Technology (NASDAQ:AMKR)

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