Amkor Technology (NASDAQ:AMKR) Hits New 52-Week High - Time to Buy?

Key Points

• Amkor Technology's stock reached a new 52-week high at $34.10 before closing at $32.12, with significant trading volume of 224,851 shares.
• Analysts have adjusted price targets for Amkor Technology, with Needham & Company raising their target to $28.00 and JPMorgan increasing it to $27.00, leading to a consensus price target of $26.44.
• The company reported a quarterly earnings per share of $0.22, exceeding estimates, with revenue increasing by 3.4% compared to the same quarter last year.

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $34.10 and last traded at $32.12, with a volume of 224851 shares. The stock had previously closed at $30.57.

Analysts Set New Price Targets

AMKR has been the topic of several analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Amkor Technology in a research note on Saturday, September 27th. Needham & Company LLC raised their price target on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. B. Riley increased their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.44.

Amkor Technology Stock Down 0.7%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70. The stock has a market capitalization of $7.51 billion, a P/E ratio of 24.78 and a beta of 1.98. The stock's fifty day moving average is $25.45 and its two-hundred day moving average is $21.33.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%.The company's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd were issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, September 3rd. Amkor Technology's dividend payout ratio (DPR) is currently 26.83%.

Insider Transactions at Amkor Technology

In other news, EVP Mark N. Rogers sold 15,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total transaction of $353,700.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares of the company's stock, valued at $562,665.96. This trade represents a 38.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Farshad Haghighi sold 11,792 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total value of $294,800.00. Following the completion of the sale, the executive vice president directly owned 8,354 shares of the company's stock, valued at approximately $208,850. The trade was a 58.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,792 shares of company stock valued at $948,500. Corporate insiders own 26.90% of the company's stock.

Institutional Investors Weigh In On Amkor Technology

A number of large investors have recently bought and sold shares of AMKR. Vanguard Group Inc. raised its holdings in Amkor Technology by 2.3% during the first quarter. Vanguard Group Inc. now owns 16,025,236 shares of the semiconductor company's stock valued at $289,416,000 after buying an additional 361,010 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Amkor Technology by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,398,430 shares of the semiconductor company's stock valued at $241,980,000 after acquiring an additional 365,975 shares in the last quarter. American Century Companies Inc. lifted its holdings in Amkor Technology by 30.0% in the 2nd quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company's stock worth $80,147,000 after purchasing an additional 880,738 shares during the last quarter. AQR Capital Management LLC boosted its position in Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company's stock worth $74,541,000 after purchasing an additional 985,727 shares during the period. Finally, SW Investment Management LLC grew its holdings in Amkor Technology by 89.3% during the first quarter. SW Investment Management LLC now owns 2,650,000 shares of the semiconductor company's stock valued at $47,859,000 after purchasing an additional 1,250,000 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

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