Amkor Technology (NASDAQ:AMKR) Stock Rating Upgraded by UBS Group

Amkor Technology (NASDAQ:AMKR) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Friday. The firm presently has a $90.00 target price on the semiconductor company’s stock. UBS Group’s price target indicates a potential upside of 37.76% from the company’s current price.

Several other analysts have also weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. Finally, B. Riley Financial reduced their target price on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $69.25.

Amkor Technology Trading Down 2.4%

NASDAQ AMKR opened at $65.33 on Friday. The business has a 50 day simple moving average of $73.47 and a 200 day simple moving average of $60.64. Amkor Technology has a one year low of $20.86 and a one year high of $96.68. The stock has a market capitalization of $16.19 billion, a P/E ratio of 37.33 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74.

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

Insider Activity at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 502,558 shares in the company, valued at $37,330,008.24. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last quarter. 26.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMKR. Bessemer Group Inc. raised its position in shares of Amkor Technology by 12.5% in the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after buying an additional 135 shares in the last quarter. Arista Wealth Management LLC increased its stake in Amkor Technology by 1.2% in the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after acquiring an additional 157 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Amkor Technology by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 202 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Amkor Technology by 0.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Trending Headlines about Amkor Technology

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

• Positive Sentiment: Amkor announced a multi-year $1.5 billion strategic partnership with NVIDIA to expand advanced semiconductor packaging and test capacity in the U.S., including support for AI infrastructure and a prepayment from NVIDIA to help fund expansion. Article Title
• Positive Sentiment: News of the NVIDIA deal sparked a sharp move higher in AMKR shares after hours, as investors view the agreement as a meaningful validation of Amkor’s role in AI-related advanced packaging. Article Title
• Positive Sentiment: Analysts and commentators noted the deal could support Amkor’s long-term growth as it expands capacity in Arizona and builds out a larger AI and high-performance computing packaging business. Article Title
• Neutral Sentiment: B. Riley Financial lowered its price target on Amkor Technology to $75 from $90 and kept a neutral rating, suggesting some caution on valuation despite the upside from current levels. Article Title
• Negative Sentiment: Before the NVIDIA announcement, AMKR had already been under pressure, with one report noting the stock had declined more than the broader market in the prior session. Article Title

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.