Amkor Technology (NASDAQ:AMKR) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Amkor Technology from “strong buy” to “hold,” while analysts remain divided: six rate the stock “buy” and six “hold.” The consensus rating is “Moderate Buy,” with an average price target of $68.33.
• Amkor reported stronger-than-expected quarterly results, posting $0.70 EPS versus $0.47 expected and $1.90 billion in revenue, up 25.6% year over year. The company issued third-quarter 2026 EPS guidance of $0.72–$0.82.
• AMKR opened at $54.14, with shares trading between a $28.03 one-year low and $96.68 high; insiders have sold 40,221 shares worth about $2.22 million over the past 90 days.

Amkor Technology (NASDAQ:AMKR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday, Zacks reports.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. Weiss Ratings raised Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. B. Riley Financial lowered their price target on shares of Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Finally, Bank of America assumed coverage on shares of Amkor Technology in a research note on Thursday, August 27th. They issued a "buy" rating and a $70.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.33.

Amkor Technology Stock Performance

Shares of AMKR opened at $54.14 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. Amkor Technology has a one year low of $28.03 and a one year high of $96.68. The firm has a market capitalization of $13.45 billion, a P/E ratio of 24.28, a PEG ratio of 0.65 and a beta of 2.22. The business has a fifty day moving average of $52.09 and a 200 day moving average of $61.59.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating 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 the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. Amkor Technology's revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, sell-side analysts anticipate that Amkor Technology will post 2.6 EPS for the current year.

Insider Transactions at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $59.78, for a total value of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares of the company's stock, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $49.05, for a total value of $49,050.00. Following the completion of the transaction, the chief financial officer owned 134,105 shares of the company's stock, valued at approximately $6,577,850.25. This trade represents a 0.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 40,221 shares of company stock valued at $2,216,587. 26.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC lifted its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 158 shares during the last quarter. Clearstead Trust LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $43,000. Ceredex Value Advisors LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $47,000. Solstein Capital LLC bought a new stake in Amkor Technology during the 2nd quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Amkor Technology in the 2nd quarter valued at about $54,000. Institutional investors own 42.76% of the company's stock.

About Amkor Technology

Amkor Technology, Inc NASDAQ: AMKR is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.

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