Amkor Technology (AMKR) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Amkor Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMKR shares.
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1 equities research analysts have issued 12 month price objectives for Amkor Technology's stock. Their AMKR share price forecasts range from $36.00 to $36.00. On average, they expect the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price.
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Amkor Technology's stock was trading at $23.98 at the start of the year. Since then, AMKR shares have decreased by 7.3% and is now trading at $22.24.
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Amkor Technology saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,480,000 shares, an increase of 13.7% from the August 15th total of 3,060,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.4% of the shares of the stock are sold short.
View Amkor Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Amkor Technology, Inc. (NASDAQ:AMKR) released its earnings results on Monday, July, 31st. The semiconductor company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. The semiconductor company earned $1.46 billion during the quarter, compared to analysts' expectations of $1.48 billion. Amkor Technology had a trailing twelve-month return on equity of 15.77% and a net margin of 8.38%. The company's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS.

Amkor Technology announced a quarterly dividend on Tuesday, August 15th. Investors of record on Tuesday, September 5th will be given a dividend of $0.075 per share on Monday, September 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, September 1st.
Read our dividend analysis for AMKR.

ETFs with the largest weight of Amkor Technology (NASDAQ:AMKR) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), Invesco Semiconductors ETF (PSI), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Hartford Multifactor Small Cap ETF (ROSC) and Mid Cap US Equity Select ETF (RNMC).

Amkor Technology (NASDAQ:AMKR) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.32%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMKR will have a dividend payout ratio of 11.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMKR.

Amkor Technology updated its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $0.36-$0.53 for the period, compared to the consensus EPS estimate of $0.59. The company issued revenue guidance of $1.73 billion-$1.82 billion, compared to the consensus revenue estimate of $1.78 billion.

110 employees have rated Amkor Technology Chief Executive Officer Stephen D. Kelley on Glassdoor.com. Stephen D. Kelley has an approval rating of 74% among the company's employees. 63.0% of employees surveyed would recommend working at Amkor Technology to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Amkor Technology investors own include Advanced Micro Devices (AMD), QUALCOMM (QCOM), Intel (INTC), Cisco Systems (CSCO), Micron Technology (MU), Nokia Oyj (NOK), Tesla (TSLA), AT&T (T), CVS Health (CVS).

Amkor Technology trades on the NASDAQ under the ticker symbol "AMKR."

Amkor Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.99%), BlackRock Inc. (5.76%), LSV Asset Management (3.05%), Alliancebernstein L.P. (1.70%), State Street Corp (1.40%) and Earnest Partners LLC (1.05%). Insiders that own company stock include David D Kim, Farshad Haghighi, Gil C Tily, Guillaume Marie Jean Rutten, James J Kim, John Charles Stone, Kevin Engel, Maryfrances Mccourt, Megan Faust, Sung Shin, Susan Y Kim and Winston J Churchill.
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Shares of AMKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMKR stock can currently be purchased for approximately $22.24.

Amkor Technology (NASDAQ:AMKR) has a market capitalization of $5.47 billion and generates $6.92 billion in revenue each year. The semiconductor company earns $765.82 million in net income (profit) each year or $2.35 on an earnings per share basis.

The company employs 31,300 workers across the globe.

Amkor Technology's mailing address is 2045 EAST INNOVATION CIRCLE, TEMPE AZ, 85284. The official website for the company is www.amkor.com. The semiconductor company can be reached via phone at (480) 821-5000, via email at greg.johnson@amkor.com, or via fax at 480-821-8276.