Amkor Technology (NASDAQ:AMKR) Price Target Raised to $26.00

Key Points

• The Goldman Sachs Group raised its price target for Amkor Technology from $22.00 to $26.00, maintaining a "neutral" rating despite indicating a potential downside of 13.93% based on the stock's previous close.
• Amkor Technology's recent quarterly earnings exceeded analyst expectations, with an EPS of $0.22 compared to the anticipated $0.16, along with a revenue increase of 3.4% year-over-year.
• Multiple analysts have recently issued positive ratings for Amkor Technology, with Wall Street Zen upgrading the stock to "buy" and JPMorgan Chase raising their target price to $27.00.

Amkor Technology (NASDAQ:AMKR - Get Free Report) had its target price hoisted by stock analysts at The Goldman Sachs Group from $22.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. The Goldman Sachs Group's price target points to a potential downside of 13.93% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Amkor Technology from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Amkor Technology in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.11.

Amkor Technology Stock Performance

NASDAQ AMKR traded down $0.40 during trading on Thursday, hitting $30.21. The company's stock had a trading volume of 1,055,421 shares, compared to its average volume of 2,183,117. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $33.54. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. The firm has a market cap of $7.47 billion, a P/E ratio of 24.56 and a beta of 1.98. The firm has a 50 day moving average price of $25.68 and a 200 day moving average price of $21.45.

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

Insider Transactions at Amkor Technology

In related news, EVP Farshad Haghighi sold 11,792 shares of Amkor Technology stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total transaction of $294,800.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief executive officer directly owned 358,007 shares of the company's stock, valued at approximately $10,740,210. This represents a 2.72% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,792 shares of company stock valued at $948,500. 26.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amkor Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in shares of Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 467 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Amkor Technology by 24.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,784 shares of the semiconductor company's stock valued at $58,000 after acquiring an additional 548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amkor Technology by 7.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,082 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 573 shares during the period. GAMMA Investing LLC grew its holdings in shares of Amkor Technology by 9.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,074 shares of the semiconductor company's stock valued at $229,000 after purchasing an additional 678 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Amkor Technology by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 138,900 shares of the semiconductor company's stock valued at $2,916,000 after buying an additional 817 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

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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