Amkor Technology (NASDAQ:AMKR) Hits New 52-Week High – What’s Next?

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) hit a new 52-week high on Thursday . The company traded as high as $54.62 and last traded at $53.7520, with a volume of 60842 shares changing hands. The stock had previously closed at $53.46.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent analyst reports. UBS Group downgraded Amkor Technology from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $38.00 to $55.00 in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday. Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their price objective on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, DA Davidson raised their target price on shares of Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.14.

Amkor Technology Price Performance

The company has a 50 day moving average price of $42.62 and a 200-day moving average price of $32.43. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 39.77 and a beta of 1.99. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company earned $0.49 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Amkor Technology has set its Q4 2025 guidance at 0.380-0.480 EPS. As a group, equities research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were paid a $0.0835 dividend. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s payout ratio is presently 26.40%.

Insiders Place Their Bets

In other news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $49.28, for a total value of $246,400.00. Following the completion of the sale, the executive vice president owned 23,862 shares of the company’s stock, valued at approximately $1,175,919.36. This represents a 17.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Engel sold 11,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.21, for a total value of $508,310.00. Following the transaction, the executive vice president owned 349 shares of the company’s stock, valued at $16,127.29. This trade represents a 96.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 96,000 shares of company stock valued at $4,085,910 over the last ninety days. 26.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Amkor Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after buying an additional 1,186,313 shares during the period. AQR Capital Management LLC raised its stake in Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after buying an additional 985,727 shares during the last quarter. American Century Companies Inc. lifted its holdings in Amkor Technology by 30.0% in the second quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock valued at $80,147,000 after buying an additional 880,738 shares during the period. Finally, Norges Bank bought a new stake in Amkor Technology during the second quarter valued at $17,221,000. 42.76% of the stock is currently owned by institutional investors.

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.