Amkor Technology (NASDAQ:AMKR) Stock Rating Lowered by Zacks Research

Amkor Technology (NASDAQ:AMKR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

AMKR has been the subject of several other research reports. Needham & Company LLC upped their target price on shares of Amkor Technology from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. The Goldman Sachs Group boosted their target price on shares of Amkor Technology from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. B. Riley lifted their target price on Amkor Technology from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Amkor Technology from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.63.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $34.92 on Tuesday. The company has a market capitalization of $8.63 billion, a PE ratio of 27.94 and a beta of 2.02. The business has a fifty day moving average price of $31.60 and a 200-day moving average price of $25.27. Amkor Technology has a 1-year low of $14.03 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.70.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. Amkor Technology had a return on equity of 7.26% and a net margin of 4.77%.The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm posted $0.49 earnings per share. Amkor Technology’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 analysts expect that Amkor Technology will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.68, for a total transaction of $316,800.00. Following the transaction, the chief executive officer owned 346,699 shares of the company’s stock, valued at approximately $10,983,424.32. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark N. Rogers sold 20,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.69, for a total value of $633,800.00. Following the completion of the sale, the executive vice president owned 23,862 shares in the company, valued at approximately $756,186.78. The trade was a 45.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,792 shares of company stock valued at $1,852,800 over the last 90 days. Insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors have recently modified their holdings of AMKR. Caerus Investment Advisors LLC bought a new position in Amkor Technology in the third quarter worth approximately $202,000. Faithward Advisors LLC lifted its stake in Amkor Technology by 1.8% in the third quarter. Faithward Advisors LLC now owns 128,463 shares of the semiconductor company’s stock worth $3,648,000 after acquiring an additional 2,326 shares during the period. Advisory Services Network LLC bought a new position in Amkor Technology during the 3rd quarter worth about $64,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Amkor Technology by 3.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 114,359 shares of the semiconductor company’s stock valued at $3,260,000 after purchasing an additional 3,807 shares in the last quarter. Finally, Sender Co & Partners Inc. bought a new position in Amkor Technology in the third quarter worth approximately $258,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.