Amkor Technology (NASDAQ:AMKR) Shares Gap Down - Time to Sell?

Key Points

• Amkor Technology shares fell sharply, opening at $47.32 versus a prior close of $51.73 and last trading near $48.30, below both its 50-day and 200-day moving averages.
• Despite the selloff, analysts maintain a “Moderate Buy” consensus with an average price target of $68.33; individual targets range from $70 to $90.
• The company exceeded quarterly expectations with $0.70 EPS and $1.90 billion in revenue, while issuing third-quarter EPS guidance of $0.72–$0.82. Amkor also declared a quarterly dividend of $0.0835 per share, although insiders have sold shares in recent months.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $51.73, but opened at $47.32. Amkor Technology shares last traded at $48.2990, with a volume of 655,269 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley raised 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. Bank of America initiated coverage on Amkor Technology in a report on Thursday, August 27th. They set a "buy" rating and a $70.00 price target on the stock. Weiss Ratings upgraded Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Zacks Research raised Amkor Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.33.

Amkor Technology Stock Down 7.7%

The company's 50 day moving average is $55.93 and its two-hundred day moving average is $61.16. The company has a market capitalization of $11.86 billion, a PE ratio of 21.40, a PEG ratio of 0.64 and a beta of 2.22. 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 (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.23. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business's revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 2.6 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology's payout ratio is presently 14.80%.

Insider Buying and Selling at Amkor Technology

In other news, Director Giel Rutten sold 25,000 shares of the company's 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 sale, the director directly owned 486,732 shares of the company's stock, valued at $26,940,616.20. This represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Engel sold 3,221 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the transaction, the chief executive officer owned 9,666 shares of the company's stock, valued at $454,302. This represents a 24.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,221 shares of company stock worth $2,647,637. Company insiders own 26.40% of the company's stock.

Institutional Trading of Amkor Technology

A number of large investors have recently modified their holdings of AMKR. IFP Advisors Inc increased its holdings in shares of Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 447 shares during the period. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC grew its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 262 shares during the last quarter. CoreCap Advisors LLC grew its stake in Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Company Profile

Amkor Technology, Inc NASDAQ: AMKR is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.

Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.

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