Amkor Technology (NASDAQ:AMKR) Earns Buy Rating from Analysts at Bank of America

Bank of America initiated coverage on shares of Amkor Technology (NASDAQ:AMKR) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $70.00 price target on the semiconductor company’s stock.

Several other analysts have also recently weighed in on the stock. B. Riley Financial cut their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Morgan Stanley upped their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Amkor Technology Stock Down 7.5%

Shares of NASDAQ:AMKR opened at $47.88 on Thursday. The stock’s 50-day moving average is $62.52 and its 200 day moving average is $61.15. The company has a market cap of $11.90 billion, a PE ratio of 21.47 and a beta of 2.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. Amkor Technology has a 1 year low of $23.36 and a 1 year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Sell-side analysts anticipate that Amkor Technology will post 2.6 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0835 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio is 14.80%.

Insider Buying and Selling at Amkor Technology

In related news, Director Douglas A. Alexander sold 5,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the transaction, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. This trade represents a 14.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the transaction, the chief executive officer directly owned 9,666 shares of the company’s stock, valued at approximately $454,302. This trade represents a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 50,221 shares of company stock valued at $3,059,887. Company insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Amkor Technology during the second quarter valued at approximately $1,060,005,000. Fisher Asset Management LLC lifted its position in Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Amkor Technology during the 2nd quarter valued at $13,491,000. UBS Group AG increased its holdings in shares of Amkor Technology by 205.5% in the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after purchasing an additional 843,983 shares in the last quarter. Finally, Black Swift Group LLC bought a new stake in shares of Amkor Technology in the 4th quarter worth $797,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Company Profile

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.