Weiss Ratings Reaffirms Hold (C) Rating for Amkor Technology (NASDAQ:AMKR)

Key Points

• Amkor Technology's "hold (c)" rating was reaffirmed by Weiss Ratings, despite several other analysts upgrading their ratings and price targets for the stock.
• The stock saw a price increase of 2.6%, reaching $32.80, with a strong trading volume of 2,527,293 shares during midday trading.
• Major shareholder John T. Kim recently acquired 441,589 shares of the company's stock, indicating insider confidence in the company's future.

Amkor Technology (NASDAQ:AMKR - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other research firms have also weighed in on AMKR. UBS Group upped their price objective on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Wall Street Zen raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. B. Riley lifted their price objective on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.11.

Amkor Technology Stock Up 2.6%

AMKR traded up $0.82 during midday trading on Friday, reaching $32.80. The company's stock had a trading volume of 2,527,293 shares, compared to its average volume of 2,210,439. The stock's 50-day moving average is $27.40 and its 200-day moving average is $22.45. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 26.70 and a beta of 1.98. Amkor Technology has a 1 year low of $14.03 and a 1 year high of $33.54. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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 was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. As a group, research analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Insider Buying and Selling at Amkor Technology

In other news, major shareholder John T. Kim acquired 441,589 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the acquisition, the insider owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This trade represents a 13.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $30.74, for a total transaction of $307,400.00. Following the completion of the sale, the chief executive officer directly owned 356,699 shares of the company's stock, valued at $10,964,927.26. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,792 shares of company stock valued at $1,255,900. 26.90% of the stock is owned by company insiders.

Institutional Trading of Amkor Technology

Hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in Amkor Technology in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. raised its holdings in Amkor Technology by 1,050.4% during the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Amkor Technology during the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Amkor Technology by 416.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Amkor Technology by 166.3% during the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,357 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Company Profile

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.

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