Amkor Technology (NASDAQ:AMKR) Rating Lowered to “Hold” at Zacks Research

Amkor Technology (NASDAQ:AMKR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other analysts have also recently weighed in on the company. Morgan Stanley lifted their target price on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Bank of America initiated coverage on shares of Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Amkor Technology in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, B. Riley Financial decreased their target price on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Amkor Technology Trading Up 1.8%

AMKR opened at $54.14 on Monday. Amkor Technology has a 12 month low of $28.03 and a 12 month high of $96.68. The stock has a fifty day moving average price of $52.09 and a 200-day moving average price of $61.59. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 0.65 and a beta of 2.22. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.22 earnings per share. Amkor Technology’s revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities research analysts anticipate that Amkor Technology will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Amkor Technology

In other news, CFO Megan Faust sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $49.05, for a total transaction of $49,050.00. Following the transaction, the chief financial officer owned 134,105 shares in the company, valued at $6,577,850.25. This trade represents a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Engel sold 3,221 shares of Amkor Technology stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the completion of the sale, the chief executive officer directly owned 9,666 shares in the company, valued at $454,302. This represents a 24.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 40,221 shares of company stock worth $2,216,587. 26.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 262 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Clearstead Trust LLC acquired a new position in Amkor Technology in the 2nd quarter valued at $43,000. Hollencrest Capital Management purchased a new position in Amkor Technology in the 1st quarter valued at $45,000. Finally, Ceredex Value Advisors LLC acquired a new stake in Amkor Technology during the 2nd quarter worth $47,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.

Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.