Amkor Technology (NASDAQ:AMKR) Stock Gets Price Target Reduction from Needham & Company LLC

Amkor Technology (NASDAQ:AMKR) had its price objective lowered by Needham & Company LLC from $90.00 to $55.00 in a research note released on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on AMKR. B. Riley Financial reduced their target price on shares of Amkor Technology from $65.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Bank of America initiated coverage on shares of Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 price target for the company. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $90.00 in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.50.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $41.21 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.91 and a current ratio of 2.17. The stock has a market capitalization of $10.21 billion, a P/E ratio of 16.62, a PEG ratio of 0.53 and a beta of 2.21. The company has a 50 day moving average price of $48.20 and a 200 day moving average price of $57.13. Amkor Technology has a fifty-two week low of $29.76 and a fifty-two week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Amkor Technology had a net margin of 8.30% and a return on equity of 13.32%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Amkor Technology will post 2.50 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.8%. Amkor Technology’s dividend payout ratio is 13.31%.

Insider Buying and Selling

In other news, Director Giel Rutten sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares in the company, valued at $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 43,000 shares of company stock valued at $2,387,120. Company insiders own 26.40% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds have recently bought and sold shares of AMKR. CoreCap Advisors LLC grew its holdings in Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 158 shares during the period. Curry Webb Wealth Management LLC acquired a new stake in Amkor Technology in the third quarter worth $39,000. Mather Group LLC. bought a new position in shares of Amkor Technology during the third quarter worth $41,000. Clearstead Trust LLC bought a new position in shares of Amkor Technology during the second quarter worth $43,000. Finally, Hollencrest Capital Management bought a new position in shares of Amkor Technology during the first quarter worth $45,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology News Summary

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

• Positive Sentiment: Amkor’s AI-related business remains a key potential growth driver. Expansion efforts involving NVIDIA, Apple and AMD could support demand for advanced packaging, while improved quarterly margins indicate better profitability despite relatively flat revenue. Amkor’s Mobile Business Is Slowing, But Its AI Ambitions Aren’t Amkor Technology Stock Jumps As Q3 Earnings Reveal Margin Power
• Neutral Sentiment: Amkor’s planned annual capital spending of approximately $2.5 billion highlights the company’s aggressive investment in capacity and advanced packaging, particularly for AI. However, the scale of the spending raises questions about returns and how quickly new facilities will contribute to earnings. Amkor Technology Capital Expenditure Analysis
• Neutral Sentiment: Analyst views remain mixed after the results. Some see a potential AI-driven recovery, while others believe Amkor faces a difficult near-term operating environment as it transitions from mobile-focused growth toward advanced packaging. Analysts’ Opinions Are Mixed on Amkor Is Amkor Technology Ready for an AI-Driven Comeback?
• Negative Sentiment: Amkor reported quarterly EPS of $0.76 versus the $0.78 consensus estimate, while revenue of $1.99 billion also missed expectations of $2.04 billion. Revenue was essentially flat year over year, with mobile weakness offsetting AI-related gains. Amkor Technology Faces a Tough Test After Results
• Negative Sentiment: B. Riley, Morgan Stanley and Needham each lowered their price expectations for AMKR following the earnings miss, signaling reduced confidence in near-term upside. B. Riley Lowers Amkor Expectations Morgan Stanley Cuts Amkor Price Target Needham Lowers Amkor Expectations
• Negative Sentiment: Investors are also monitoring potential dilution, reported earnings pressure and tighter liquidity associated with Amkor’s 2031 convertible notes. Unusually heavy put-option activity adds another sign of heightened downside hedging. Amkor’s 2031 Convertible Notes Amkor Put Option Activity

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.