DA Davidson Has Bearish Estimate for AMKR FY2025 Earnings

Amkor Technology, Inc. (NASDAQ:AMKR) – Analysts at DA Davidson reduced their FY2025 earnings per share estimates for Amkor Technology in a report released on Tuesday, February 11th. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $1.50 per share for the year, down from their prior forecast of $2.00. DA Davidson has a “Buy” rating and a $36.00 price target on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $1.38 per share.

A number of other analysts also recently weighed in on the company. B. Riley decreased their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. KeyCorp decreased their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their price objective for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Amkor Technology has a consensus rating of “Hold” and a consensus target price of $31.50.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $22.19 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $25.45 and a two-hundred day moving average price of $28.11. Amkor Technology has a 1-year low of $21.46 and a 1-year high of $44.86. The company has a market cap of $5.47 billion, a P/E ratio of 14.99 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after acquiring an additional 1,092,002 shares in the last quarter. Alliancebernstein L.P. lifted its position in Amkor Technology by 15.8% in the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock valued at $104,853,000 after acquiring an additional 556,761 shares in the last quarter. Pacer Advisors Inc. lifted its position in Amkor Technology by 24,383.3% in the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after acquiring an additional 3,772,095 shares in the last quarter. State Street Corp lifted its position in Amkor Technology by 5.6% in the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock valued at $102,688,000 after acquiring an additional 176,528 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Amkor Technology by 24.4% in the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock valued at $69,594,000 after acquiring an additional 530,771 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

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.