Amkor Technology (NASDAQ:AMKR) Stock Price Target Lowered at B. Riley Financial

Amkor Technology (NASDAQ:AMKR) had its target price decreased by stock analysts at B. Riley Financial from $65.00 to $46.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s price target would suggest a potential upside of 9.69% from the company’s previous close.

AMKR has been the topic of a number of other research reports. Morgan Stanley upped their price objective on shares of 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 began coverage on shares of Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research report on Tuesday, July 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Finally, Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.22.

Amkor Technology Stock Up 0.1%

Shares of AMKR stock traded up $0.04 during mid-day trading on Tuesday, reaching $41.94. 1,599,339 shares of the company’s stock traded hands, compared to its average volume of 4,780,649. The company’s 50-day moving average price is $50.54 and its 200-day moving average price is $61.96. The company has a market cap of $10.42 billion, a P/E ratio of 18.79, a P/E/G ratio of 0.52 and a beta of 2.21. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. Amkor Technology has a 12 month low of $29.50 and a 12 month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.81 billion. During the same period last year, the business earned $0.22 EPS. Amkor Technology’s quarterly 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. On average, equities analysts expect that Amkor Technology will post 2.60 earnings per share for the current fiscal year.

Insider Activity at Amkor Technology

In other Amkor Technology news, Director Giel Rutten sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total value of $1,383,750.00. Following the transaction, the director directly owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $151,387.00. Following the sale, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. This represents a 24.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,221 shares of company stock valued at $2,538,507 in the last 90 days. 26.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Amkor Technology in the second quarter worth approximately $1,060,005,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Amkor Technology during the second quarter valued at approximately $152,110,000. Principal Financial Group Inc. increased its holdings in Amkor Technology by 19.3% during the first 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 during the last quarter. Bank of New York Mellon Corp purchased a new stake in Amkor Technology during the second quarter valued at approximately $90,656,000. Finally, Bank of Nova Scotia purchased a new stake in Amkor Technology during the second quarter valued at approximately $58,273,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

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.