DA Davidson Lowers Earnings Estimates for Amkor Technology

Amkor Technology, Inc. (NASDAQ:AMKR) – Analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Amkor Technology in a research report issued on Tuesday, July 29th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will earn $1.15 per share for the year, down from their prior estimate of $1.40. DA Davidson has a “Buy” rating and a $30.00 price target on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $1.47 per share.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS.

AMKR has been the topic of a number of other reports. Needham & Company LLC upped their target price on Amkor Technology from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. B. Riley raised their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley reissued an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday. Finally, UBS Group raised their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.44.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $22.56 on Thursday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 18.34 and a beta of 1.85. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $33.85. The stock has a fifty day moving average of $20.75 and a 200 day moving average of $20.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.83 and a current ratio of 1.89.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Amkor Technology in the first quarter valued at approximately $27,000. UMB Bank n.a. grew its holdings in shares of Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,530 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Amkor Technology by 416.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,292 shares during the period. Allworth Financial LP raised its holdings in Amkor Technology by 166.3% during the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 1,357 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,242 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark N. Rogers sold 15,000 shares of Amkor Technology stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total value of $353,700.00. Following the transaction, the executive vice president owned 23,862 shares in the company, valued at approximately $562,665.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.90% of the stock is owned by corporate insiders.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.5%. Amkor Technology’s payout ratio is currently 26.83%.

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.