Amkor Technology (NASDAQ:AMKR) Reaches New 12-Month High on Analyst Upgrade

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $32.00 to $65.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Amkor Technology traded as high as $56.81 and last traded at $54.2340, with a volume of 1087665 shares. The stock had previously closed at $53.46.

A number of other research firms also recently weighed in on AMKR. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, January 21st. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Amkor Technology from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday. Needham & Company LLC upped their target price on shares of Amkor Technology from $50.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley boosted their price target on Amkor Technology from $28.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.86.

Check Out Our Latest Stock Report on AMKR

Insiders Place Their Bets

In other Amkor Technology news, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $46.44, for a total transaction of $928,800.00. Following the transaction, the director owned 123,806 shares in the company, valued at approximately $5,749,550.64. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $49.28, for a total value of $246,400.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares of the company’s stock, valued at approximately $1,175,919.36. This trade represents a 17.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,000 shares of company stock worth $4,085,910 in the last quarter. Insiders own 26.90% of the company’s stock.

Trending Headlines about Amkor Technology

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Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new stake in Amkor Technology during the third quarter worth about $25,000. Bessemer Group Inc. grew its position in shares of Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 391 shares during the period. Root Financial Partners LLC increased its stake in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the period. Finally, State of Wyoming purchased a new position in Amkor Technology in the fourth quarter valued at approximately $41,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 5.1%

The firm has a 50 day moving average of $46.49 and a 200 day moving average of $35.05. The firm has a market cap of $13.88 billion, a PE ratio of 37.20 and a beta of 2.00. The company has a quick ratio of 1.60, a current ratio of 2.27 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.26. Amkor Technology had a return on equity of 8.66% and a net margin of 5.57%.The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Amkor Technology has set its Q1 2026 guidance at 0.180-0.280 EPS. Equities analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

About Amkor Technology

(Get Free Report)

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.

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