FY2025 EPS Forecast for Amkor Technology Reduced by Analyst

Key Points

• DA Davidson has lowered its FY2025 earnings per share estimate for Amkor Technology from $1.40 to $1.15, while maintaining a "Buy" rating and a $30 price target.
• Amkor’s quarterly earnings exceeded expectations, reporting $0.22 per share against a $0.16 consensus estimate on revenue of $1.51 billion.
• Several firms have raised their price targets for Amkor Technology, with estimates ranging from $20 to $28, reflecting a generally optimistic outlook despite DA Davidson's revision.

Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) - Equities researchers at DA Davidson decreased their FY2025 earnings estimates for shares of Amkor Technology in a research report issued to clients and investors on Tuesday, July 29th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will earn $1.15 per share for the year, down from their previous forecast of $1.40. DA Davidson has a "Buy" rating and a $30.00 price target on the stock. The consensus estimate for Amkor Technology's current full-year earnings is $1.47 per share.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business'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 EPS.

A number of other equities research analysts have also recently issued reports on AMKR. 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 research report on Tuesday. B. Riley increased their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday. UBS Group increased their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a report on Tuesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology currently has a consensus rating of "Hold" and an average price target of $26.44.

Amkor Technology Price Performance

Shares of Amkor Technology stock traded down $0.81 during mid-day trading on Thursday, reaching $21.75. 2,119,541 shares of the stock were exchanged, compared to its average volume of 2,233,908. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 17.68 and a beta of 1.85. The company has a current ratio of 1.89, a quick ratio of 1.83 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $20.82 and a 200 day simple moving average of $20.37. Amkor Technology has a fifty-two week low of $14.03 and a fifty-two week high of $33.85.

Institutional Trading of Amkor Technology

Several institutional investors have recently added to or reduced their stakes in AMKR. Sumitomo Mitsui Trust Group Inc. boosted its position in Amkor Technology by 15.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock worth $197,000 after purchasing an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Amkor Technology by 22.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock worth $379,000 after buying an additional 3,885 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Amkor Technology by 32.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 5,447 shares during the period. M&T Bank Corp increased its stake in Amkor Technology by 36.9% in the 1st quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock worth $954,000 after purchasing an additional 14,236 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Amkor Technology by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock valued at $54,209,000 after buying an additional 15,211 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark N. Rogers sold 15,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the sale, the executive vice president directly owned 23,862 shares of the company's stock, valued at approximately $562,665.96. The trade was a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.90% of the stock is currently owned by company insiders.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's payout ratio is 26.83%.

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.