Amkor Technology (NASDAQ:AMKR) Shares Down 8.4% - Here's What Happened

Key Points

• Amkor Technology shares fell 8.4% to about $56.17, despite trading volume being 86% below the average session level.
• The company exceeded quarterly expectations, reporting $0.70 in EPS versus $0.47 expected and $1.90 billion in revenue, up 25.6% year over year; Q3 EPS guidance is $0.72–$0.82.
• Analysts maintain a consensus “Moderate Buy” rating with a $68.12 price target, while the company declared a $0.0835 quarterly dividend and insiders have sold 45,221 shares over the past three months.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) shares dropped 8.4% during trading on Tuesday . The stock traded as low as $56.18 and last traded at $56.1710. Approximately 684,972 shares changed hands during trading, a decline of 86% from the average session volume of 4,991,191 shares. The stock had previously closed at $61.30.

Analysts Set New Price Targets

Several research firms recently commented on AMKR. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and raised their price target for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.12.

Amkor Technology Stock Performance

The stock has a market cap of $13.53 billion, a PE ratio of 24.52 and a beta of 2.25. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $68.26 and a 200 day moving average of $61.09.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts predict that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.6%. Amkor Technology's payout ratio is presently 14.80%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $54.45, for a total value of $54,450.00. Following the transaction, the chief financial officer directly owned 135,105 shares in the company, valued at $7,356,467.25. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the completion of the transaction, the director owned 29,109 shares in the company, valued at $1,624,573.29. The trade was a 14.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,221 shares of company stock valued at $2,760,987 in the last three months. 26.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Amkor Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in 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 during the last quarter. Root Financial Partners LLC raised its position in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 262 shares during the period. CoreCap Advisors LLC lifted its stake in shares of 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 purchasing an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 854 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

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.

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