B. Riley Financial Has Lowered Expectations for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its price objective lowered by equities research analysts at B. Riley Financial from $46.00 to $41.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial‘s price target would indicate a potential upside of 5.81% from the stock’s previous close.

A number of other research analysts have also recently commented on AMKR. The Goldman Sachs Group set a $56.00 price target on shares of Amkor Technology in a report on Tuesday. 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. Bank of America started coverage on shares of Amkor Technology in a research report on Thursday, August 27th. They issued a “buy” rating and a $70.00 price objective for the company. Needham & Company LLC dropped their price target on Amkor Technology from $90.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Amkor Technology Stock Performance

Shares of AMKR traded up $1.94 during mid-day trading on Tuesday, hitting $38.75. 2,141,674 shares of the company traded hands, compared to its average volume of 4,859,713. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology has a 1 year low of $29.50 and a 1 year high of $96.68. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.48 and a beta of 2.21. The stock has a 50-day moving average price of $49.07 and a two-hundred day moving average price of $57.29.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Equities analysts anticipate that Amkor Technology will post 2.60 earnings per share for the current year.

Insiders Place Their Bets

In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the sale, the chief executive officer directly owned 9,666 shares in the company, valued at approximately $454,302. The trade was a 24.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas A. Alexander sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director owned 29,109 shares of the company’s stock, valued at $1,600,995. This trade represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 46,221 shares of company stock worth $2,538,507. Corporate insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Amkor Technology during the 2nd quarter worth about $1,060,005,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Amkor Technology during the second quarter worth $152,110,000. Principal Financial Group Inc. grew its stake in shares of Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock valued at $118,107,000 after buying an additional 423,629 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Amkor Technology during the 2nd quarter worth $90,656,000. Finally, Bank of Nova Scotia bought a new position in Amkor Technology during the second quarter valued at about $58,273,000. Institutional investors own 42.76% of the company’s stock.

Key Amkor Technology News

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Improved profitability and computing demand: Third-quarter revenue was $1.99 billion and EPS was $0.76, below estimates of approximately $2.04 billion and $0.78. However, gross margin expanded to 18.3%, operating margin reached 11.3% and net income increased to $191 million from $128 million a year earlier. Computing and automotive revenue reached records, helping offset weaker communications demand. Amkor Technology Stock Is Gaining Tuesday: What’s Going On?
• Positive Sentiment: AI expansion supports the growth outlook: Management highlighted AI-driven computing growth, advanced-packaging momentum and a planned $12 billion Arizona expansion. Amkor’s reported relationships with NVIDIA and TSMC, along with a separate $3 billion AI packaging opportunity, are reinforcing the longer-term investment case. Amkor Q3 Earnings Call Highlights AI Growth and Capacity Expansion
• Positive Sentiment: Analysts still see substantial potential: Needham maintained a “buy” rating with a $55 target, while Morgan Stanley retained an “equal weight” rating and a $63 target. Although both targets were reduced, they remain well above the recent share price. Needham analyst recommendation
• Neutral Sentiment: Mixed near-term outlook: Advanced packaging and computing demand are improving, but smartphone and broader communications weakness could pressure near-term results and guidance.
• Negative Sentiment: Results missed expectations: The quarterly EPS and revenue shortfalls, together with reports that guidance fell below estimates, remain significant risks for investors. Amkor Technology slips as Q3 results and guidance miss estimates
• Negative Sentiment: Bearish positioning signals caution: Reported insider activity showed selling without purchases during the past six months, while put-option volume was substantially above average ahead of earnings.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.