Amkor Technology (NASDAQ:AMKR) Shares Gap Up - Should You Buy?

Key Points

• Amkor shares jumped 6.8%, opening at $52.38 versus a prior close of $48.40, though they later traded near $51.19.
• Analyst sentiment is broadly positive: UBS and Bank of America rated the stock “buy,” contributing to a consensus “Moderate Buy” rating and an average price target of $68.33.
• Amkor beat quarterly expectations with $0.70 EPS versus $0.47 expected and revenue of $1.90 billion, up 25.6% year over year. However, insiders have sold more than 50,000 shares worth approximately $3.06 million over the past 90 days.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $48.40, but opened at $52.38. Amkor Technology shares last traded at $51.1910, with a volume of 1,212,718 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMKR. UBS Group raised shares of Amkor Technology from a "neutral" rating to a "buy" rating and raised their price target for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Weiss Ratings raised shares of Amkor Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. B. Riley Financial dropped their target price on shares of Amkor Technology from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Morgan Stanley raised their target price on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. Finally, Bank of America initiated coverage on shares of Amkor Technology in a research note on Thursday. They set a "buy" rating and a $70.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.33.

Amkor Technology Stock Up 6.8%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The company has a fifty day simple moving average of $64.14 and a two-hundred day simple moving average of $61.23. The firm has a market capitalization of $12.84 billion, a PE ratio of 23.03 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.22 earnings per share. The business's revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Analysts forecast that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. 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 0.6%. Amkor Technology's dividend payout ratio (DPR) is 14.80%.

Insiders Place Their Bets

In related news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company's stock, valued at $2,325,681.12. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares in the company, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 50,221 shares of company stock worth $3,059,887. 26.40% of the stock is owned by corporate insiders.

Institutional Trading of Amkor Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in shares of Amkor Technology by 12.5% in the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 135 shares in the last quarter. Arista Wealth Management LLC grew its holdings in shares of Amkor Technology by 1.2% during the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company's stock worth $1,176,000 after purchasing an additional 157 shares during the period. CoreCap Advisors LLC increased its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 158 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Amkor Technology by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company's stock valued at $387,000 after purchasing an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Amkor Technology by 0.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company's stock valued at $1,430,000 after buying an additional 218 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

About Amkor Technology

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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