FY2027 Earnings Estimate for AMKR Issued By B. Riley

Amkor Technology, Inc. (NASDAQ:AMKR) – Stock analysts at B. Riley issued their FY2027 earnings estimates for shares of Amkor Technology in a research note issued on Monday, February 24th. B. Riley analyst C. Ellis anticipates that the semiconductor company will earn $2.16 per share for the year. B. Riley has a “Buy” rating and a $32.00 price target on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $1.47 per share.

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, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%.

A number of other analysts have also weighed in on the stock. Morgan Stanley reduced their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Amkor Technology Stock Performance

Amkor Technology stock opened at $22.14 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology has a 1-year low of $21.46 and a 1-year high of $44.86. The firm has a market capitalization of $5.46 billion, a P/E ratio of 15.48 and a beta of 1.81. The company’s 50-day moving average is $24.73 and its 200 day moving average is $27.57.

Amkor Technology Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Insider Activity at Amkor Technology

In related news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amkor Technology

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its stake in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 1,160 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Amkor Technology in the third quarter valued at approximately $39,000. Bessemer Group Inc. boosted its stake in Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $43,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology

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.