DA Davidson Issues Pessimistic Forecast for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR - Get Free Report) had its target price cut by stock analysts at DA Davidson from $36.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. DA Davidson's price target indicates a potential upside of 65.38% from the company's previous close. DA Davidson also issued estimates for Amkor Technology's Q2 2025 earnings at $0.16 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.85 EPS.

A number of other equities research analysts have also weighed in on the company. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Needham & Company LLC cut their target price on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Morgan Stanley decreased their price target on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Amkor Technology currently has an average rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Trading Up 3.8 %

NASDAQ AMKR traded up $0.66 during trading on Tuesday, hitting $18.14. 1,866,839 shares of the company's stock traded hands, compared to its average volume of 1,769,417. The stock has a fifty day moving average of $18.17 and a two-hundred day moving average of $23.24. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $44.86. The firm has a market cap of $4.48 billion, a P/E ratio of 12.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.24 EPS. Amkor Technology's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Insider Transactions at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Amkor Technology by 129.9% during the 1st quarter. Victory Capital Management Inc. now owns 122,106 shares of the semiconductor company's stock valued at $2,205,000 after acquiring an additional 69,004 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Amkor Technology by 34.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 246,687 shares of the semiconductor company's stock valued at $4,455,000 after purchasing an additional 63,615 shares during the period. Signaturefd LLC lifted its position in Amkor Technology by 90.2% during the first quarter. Signaturefd LLC now owns 5,367 shares of the semiconductor company's stock valued at $97,000 after purchasing an additional 2,545 shares during the period. CWM LLC boosted its holdings in Amkor Technology by 183.5% in the first quarter. CWM LLC now owns 28,026 shares of the semiconductor company's stock worth $506,000 after purchasing an additional 18,139 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Amkor Technology by 26.3% in the 1st quarter. Cerity Partners LLC now owns 239,308 shares of the semiconductor company's stock worth $4,322,000 after purchasing an additional 49,820 shares during the period. Hedge funds and other 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.