Amkor Technology (NASDAQ:AMKR) Price Target Cut to $63.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley cut Amkor Technology’s price target to $63 from $70 while maintaining an “equal weight” rating. The new target implies approximately 71% upside from the stock’s reported current price.
• Analyst sentiment remains mixed: Needham lowered its target to $55 but kept a “buy” rating, while the broader analyst consensus is “Moderate Buy” with a $61.56 target.
• Amkor’s latest quarter missed expectations, with EPS of $0.76 versus $0.78 expected and revenue of $1.99 billion versus $2.04 billion forecast. The stock opened at $36.81 after reportedly falling 6.3%, amid concerns about weaker guidance despite improved earnings and potential AI-packaging growth.

Amkor Technology (NASDAQ:AMKR - Get Free Report) had its target price decreased by equities research analysts at Morgan Stanley from $70.00 to $63.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the semiconductor company's stock. Morgan Stanley's price objective suggests a potential upside of 71.15% from the stock's current price.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC decreased their price objective on Amkor Technology from $90.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday. Zacks Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Bank of America initiated coverage on shares of Amkor Technology in a research note on Thursday, August 27th. They set a "buy" rating and a $70.00 price objective on the stock. B. Riley Financial reduced their price objective on shares of Amkor Technology from $65.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.56.

Amkor Technology Stock Down 6.3%

AMKR stock opened at $36.81 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. Amkor Technology has a fifty-two week low of $29.50 and a fifty-two week high of $96.68. The firm's 50-day simple moving average is $49.07 and its 200 day simple moving average is $57.29. The stock has a market cap of $9.15 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.48 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.04 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. As a group, sell-side analysts predict that Amkor Technology will post 2.60 EPS for the current year.

Insider Transactions at Amkor Technology

In other news, Director Douglas A. Alexander sold 5,000 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director owned 29,109 shares in the company, valued at approximately $1,600,995. This trade represents a 14.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director directly owned 486,732 shares in the company, valued at $26,940,616.20. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 46,221 shares of company stock valued at $2,538,507 in the last quarter. 26.40% of the stock is owned by company insiders.

Institutional Trading of Amkor Technology

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Amkor Technology in the second quarter worth approximately $1,060,005,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at $152,110,000. Principal Financial Group Inc. lifted its position in shares of Amkor Technology by 19.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock valued at $118,107,000 after acquiring an additional 423,629 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at $90,656,000. Finally, Bank of Nova Scotia bought a new stake in shares of Amkor Technology during the 2nd quarter worth $58,273,000. 42.76% of the stock is currently owned by institutional investors.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor reported third-quarter gross profit of approximately $364 million, an 18.3% gross margin and an 11.3% operating margin. Net income increased to $191 million, while EPS rose to $0.76 from $0.51 a year earlier. Amkor Technology Q3 Revenue and Margins
• Positive Sentiment: Computing and automotive revenue reportedly reached records, supporting the company’s diversification beyond communications and strengthening the case for continued packaging demand. Amkor Third-Quarter Results
• Positive Sentiment: A reported $3 billion strategic AI-packaging opportunity involving NVIDIA provides a potentially significant long-term catalyst. The deal has fueled arguments that AMKR may be undervalued despite its recent decline. Amkor AI Packaging Deal
• Neutral Sentiment: Amkor’s $1.99 billion quarterly revenue was essentially flat year over year, indicating that margin expansion and mix improvements—not broad-based sales growth—were the main earnings positives.
• Negative Sentiment: Revenue of $1.99 billion fell short of the roughly $2.04 billion consensus estimate, while EPS of $0.76 missed expectations near $0.78–$0.79. Amkor Q3 Earnings Miss
• Negative Sentiment: Management’s outlook reportedly came in below analyst expectations, intensifying concerns about near-term demand and execution despite the AI opportunity. Amkor Guidance Miss
• Negative Sentiment: Sentiment was already weak ahead of the report following an analyst price-target reduction to $46 from $65, elevated put-option activity, and broader semiconductor-sector pressure. AMKR also trades well below its 50-day and 200-day moving averages. Amkor Pre-Earnings Pressure

Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor's services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.

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