Amkor Technology (NASDAQ:AMKR) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Amkor Technology received a "hold (C)" rating from Weiss Ratings, reaffirming the cautious stance on its stock performance.
• Analysts have mixed views on Amkor, with four analysts rating it as a "buy", while seven suggest a "hold," aligning with a consensus price target of $26.44.
• In its most recent earnings report, Amkor posted $0.22 earnings per share, exceeding estimates, while revenues reached $1.51 billion, showcasing a year-over-year growth of 3.4%.

Amkor Technology (NASDAQ:AMKR - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on AMKR. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective on the stock. Wall Street Zen upgraded shares of Amkor Technology from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Needham & Company LLC increased their target price on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. UBS Group increased their target price on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, B. Riley raised 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. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.44.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded up $0.86 on Wednesday, hitting $30.61. 2,839,266 shares of the company were exchanged, compared to its average volume of 2,188,863. The company's 50 day moving average price is $25.54 and its two-hundred day moving average price is $21.39. Amkor Technology has a one year low of $14.03 and a one year high of $33.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.89 and a beta of 1.98.

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

Insider Buying and Selling

In other news, EVP Mark N. Rogers sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of the transaction, the executive vice president directly owned 23,862 shares in the company, valued at approximately $562,665.96. The trade was a 38.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $294,800.00. Following the completion of the transaction, the executive vice president owned 8,354 shares of the company's stock, valued at $208,850. The trade was a 58.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,792 shares of company stock worth $948,500. 26.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.