Amkor Technology (AMKR) Scheduled to Post Quarterly Earnings on Monday

Amkor Technology (NASDAQ:AMKR) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Amkor Technology has set its Q3 guidance at $0.42-0.56 EPS and its Q3 2024 guidance at 0.420-0.560 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $29.88 on Friday. The stock has a fifty day simple moving average of $30.78 and a 200-day simple moving average of $33.32. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $7.34 billion, a PE ratio of 19.66 and a beta of 1.84. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMKR. Needham & Company LLC boosted their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. KeyCorp began coverage on Amkor Technology in a research report on Friday, September 20th. They issued an “overweight” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Amkor Technology in a research report on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. Morgan Stanley boosted their price objective on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. Finally, StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Insiders Place Their Bets

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

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.