Amkor Technology (NASDAQ:AMKR) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Amkor Technology (NASDAQ:AMKR) from a neutral rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports. They currently have $90.00 price objective on the semiconductor company’s stock.

AMKR has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. B. Riley Financial decreased their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. Needham & Company LLC upped their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.25.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $64.96 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $73.36 and its two-hundred day moving average is $60.67. Amkor Technology has a 12-month low of $20.86 and a 12-month high of $96.68. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 37.12 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Research analysts expect that Amkor Technology will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Insider Activity at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares in the company, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Winston J. Churchill sold 5,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. This represents a 14.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 114,000 shares of company stock worth $8,631,450 over the last ninety days. Company insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMKR. Fisher Asset Management LLC boosted its holdings in shares of Amkor Technology by 204.5% during the fourth 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 during the period. 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 acquiring an additional 843,983 shares during the period. Black Swift Group LLC bought a new stake in Amkor Technology in the 4th quarter valued at about $797,000. GF Fund Management CO. LTD. bought a new stake in Amkor Technology in the 4th quarter valued at about $4,868,000. Finally, Jefferies Financial Group Inc. acquired a new position in Amkor Technology during the 4th quarter valued at about $841,000. 42.76% of the stock is owned by institutional investors and hedge funds.

More Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

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.