UBS Group Upgrades Amkor Technology (NASDAQ:AMKR) to Buy

Amkor Technology (NASDAQ:AMKR) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a $90.00 price objective on the semiconductor company’s stock. UBS Group’s price target suggests a potential upside of 38.55% from the company’s current price.

Several other equities research analysts have also recently issued reports on AMKR. Morgan Stanley raised their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Needham & Company LLC increased their price target on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, April 6th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, B. Riley Financial reduced their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Amkor Technology Stock Down 0.6%

Shares of NASDAQ AMKR opened at $64.96 on Friday. The company has a 50 day simple moving average of $73.36 and a 200-day simple moving average of $60.67. The company has a market capitalization of $16.10 billion, a P/E ratio of 37.12 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. Amkor Technology has a 1 year low of $20.86 and a 1 year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS 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 firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, equities research analysts predict that Amkor Technology will post 2.08 earnings per share for the current year.

Insider Transactions at Amkor Technology

In related news, Director Gil C. Tily sold 15,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the transaction, the director owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. This represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total value of $391,000.00. Following the transaction, the director owned 28,781 shares of the company’s stock, valued at $2,250,674.20. This trade represents a 14.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 114,000 shares of company stock worth $8,631,450. 26.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC increased its stake in Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amkor Technology during the 2nd quarter worth approximately $54,000. Smartleaf Asset Management LLC boosted its position in Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the period. Root Financial Partners LLC boosted its position in Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the period. Finally, IFP Advisors Inc grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Trending Headlines about Amkor Technology

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

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

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.