B. Riley Financial Lowers Amkor Technology (NASDAQ:AMKR) Price Target to $75.00

Amkor Technology (NASDAQ:AMKR) had its price target lowered by investment analysts at B. Riley Financial from $90.00 to $75.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s price target would indicate a potential upside of 14.80% from the company’s current price.

Several other equities research analysts also recently weighed in on AMKR. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, April 6th. UBS Group reissued a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. Finally, Morgan Stanley boosted their target price on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Amkor Technology Price Performance

Amkor Technology stock opened at $65.33 on Wednesday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 37.33 and a beta of 2.20. Amkor Technology has a 52-week low of $20.86 and a 52-week high of $96.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock’s 50 day moving average price is $73.47 and its two-hundred day moving average price is $60.64.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business posted $0.09 EPS. Amkor Technology’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, equities analysts predict that Amkor Technology will post 2.08 earnings per share for the current year.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $71.63, for a total value of $358,150.00. Following the completion of the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the sale, the director owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,000 shares of company stock worth $8,631,450 in the last three months. Corporate insiders own 26.40% of the company’s stock.

Institutional Trading of Amkor Technology

A number of institutional investors have recently modified their holdings of AMKR. CoreCap Advisors LLC grew its stake in Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Amkor Technology during the 2nd quarter valued at $54,000. Smartleaf Asset Management LLC lifted its position in shares of Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 262 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 447 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Amkor Technology

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

• Positive Sentiment: Amkor announced a multi-year strategic partnership with NVIDIA to expand advanced semiconductor packaging and test capacity in the U.S. for AI infrastructure. NVIDIA will also provide a prepayment to help fund the expansion, and Reuters reported the deal is worth $1.5 billion, which should support revenue visibility and strengthen Amkor’s role in AI chip supply chains. Article Title
• Positive Sentiment: Market coverage noted the NVIDIA deal helped send Amkor shares sharply higher intraday, reflecting investor enthusiasm around the company’s exposure to AI hardware spending and long-term packaging demand. Article Title
• Neutral Sentiment: Despite the strategic win, a Zacks-style market recap said Amkor was still down relative to the broader market in the latest session, suggesting some profit-taking or volatility after the big move. Article Title
• Neutral Sentiment: Analyst sentiment has been mixed: B. Riley cut its price target to $75 and kept a neutral rating, while Zacks Research upgraded the stock to strong-buy, indicating no clear consensus on near-term upside. Article Title

Amkor Technology Company Profile

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.