Needham & Company LLC Issues Positive Forecast for Amkor Technology (NASDAQ:AMKR) Stock Price

Key Points

• Needham & Company raised its price target on Amkor Technology from $65 to $90 and kept a "buy" rating, implying roughly a 19% upside from the prior close.
• Amkor beat Q1 estimates (EPS $0.33 vs. $0.23; revenue $1.68B, +27.5% YoY) with improved margins, but shares fell after the print amid concerns about forward commentary and a rich valuation (P/E ~50) while the MarketBeat consensus remains a "Hold."

Amkor Technology (NASDAQ:AMKR - Get Free Report) had its target price raised by equities researchers at Needham & Company LLC from $65.00 to $90.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price target indicates a potential upside of 19.02% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Amkor Technology from $28.00 to $45.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 10th. Zacks Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. William Blair upgraded shares of Amkor Technology to a "neutral" rating in a report on Monday, January 12th. Wall Street Zen lowered shares of Amkor Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 21st. Finally, Melius Research upgraded shares of Amkor Technology from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $54.25.

Amkor Technology Price Performance

Amkor Technology stock opened at $75.62 on Tuesday. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 50.08 and a beta of 1.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.27 and a quick ratio of 2.01. Amkor Technology has a 1 year low of $16.54 and a 1 year high of $79.23. The firm has a 50-day moving average of $51.53 and a two-hundred day moving average of $44.72.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.63 billion. Amkor Technology had a net margin of 5.57% and a return on equity of 8.66%. The firm's quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. On average, research analysts forecast that Amkor Technology will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark N. Rogers sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $59.43, for a total transaction of $297,150.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,312,064.72. The trade was a 11.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin K. Engel sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.75, for a total transaction of $609,375.00. Following the transaction, the chief executive officer owned 2,953 shares of the company's stock, valued at approximately $143,958.75. This trade represents a 80.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,500 shares of company stock worth $2,105,225 in the last 90 days. 26.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMKR. Salomon & Ludwin LLC acquired a new position in Amkor Technology during the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. lifted its stake in shares of Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company's stock worth $26,000 after buying an additional 391 shares during the period. IFP Advisors Inc lifted its stake in shares of Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company's stock worth $27,000 after buying an additional 447 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company's stock valued at $28,000 after buying an additional 440 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock valued at $37,000 after buying an additional 262 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Key Headlines Impacting Amkor Technology

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

• Positive Sentiment: Q1 beat on both EPS and revenue (EPS $0.33 vs. $0.23 est; revenue $1.68B). The results showed solid YoY revenue growth and improved margins, supporting near-term profitability. BusinessWire Release
• Positive Sentiment: Company highlighted record revenue and strategic progress (slide deck / presentation materials available), which supports the growth story in advanced packaging and capacity expansion. Yahoo Markets: Q1 Highlights
• Neutral Sentiment: Analysts had raised forecasts ahead of the print and several firms updated models after results; changes in estimates could drive volatility but reflect broadly constructive analyst reaction. Benzinga: Analyst Revisions
• Neutral Sentiment: Management commentary in the earnings call and slide deck gives additional color on demand mix and strategic priorities; investors should parse forward commentary for sustainability of margins and mix. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Shares fell despite the beat — market reaction suggests forward guidance/remarks or the company's messaging did not fully satisfy investors, or that some expected a stronger outlook. MSN: Stock Drops After Beat
• Negative Sentiment: Valuation and recent run-up increase downside sensitivity: AMKR is trading well above its long-term averages (high P/E and near its 12‑month high), which can amplify profit-taking and volatility after earnings. Yahoo: Valuation Discussion

Amkor Technology Company Profile

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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