Amkor Technology (NASDAQ:AMKR) Stock Price Down 8.4% – Time to Sell?

Amkor Technology, Inc. (NASDAQ:AMKR) shares fell 8.4% during mid-day trading on Tuesday . The stock traded as low as $56.18 and last traded at $56.1710. 684,972 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,991,191 shares. The stock had previously closed at $61.30.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMKR. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Morgan Stanley increased their price objective 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. B. Riley Financial dropped their target price on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Finally, Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.12.

Amkor Technology Stock Performance

The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 24.52 and a beta of 2.25. 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 firm has a 50-day simple moving average of $68.26 and a two-hundred day simple moving average of $61.09.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly 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. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is presently 14.80%.

Insider Activity at Amkor Technology

In other news, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $54.45, for a total transaction of $54,450.00. Following the sale, the chief financial officer owned 135,105 shares of the company’s stock, valued at approximately $7,356,467.25. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 9,666 shares in the company, valued at approximately $454,302. The trade was a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,221 shares of company stock worth $2,760,987 over the last 90 days. 26.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMKR. Bessemer Group Inc. increased its holdings in Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 135 shares during the period. Arista Wealth Management LLC increased its stake in shares of Amkor Technology by 1.2% during the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after buying an additional 157 shares during the period. CoreCap Advisors LLC increased its stake 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 worth $38,000 after buying an additional 158 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Amkor Technology by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 202 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in 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 acquiring an additional 218 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

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.