Needham & Company LLC Issues Pessimistic Forecast for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its price objective decreased by Needham & Company LLC from $90.00 to $55.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 49.42% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 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 on the stock. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and upped their price objective for the company from $80.00 to $90.00 in a research note on Friday, July 24th. Morgan Stanley upped their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $62.33.

Amkor Technology Stock Down 6.3%

NASDAQ AMKR opened at $36.81 on Tuesday. The business has a fifty day moving average price of $49.07 and a 200 day moving average price of $57.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The company has a market cap of $9.15 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.48 and a beta of 2.21. Amkor Technology has a one year low of $29.50 and a one year high of $96.68.

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). Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts anticipate that Amkor Technology will post 2.60 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin K. Engel sold 3,221 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was 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 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 hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the sale, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% 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. 26.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently made changes to their positions in AMKR. Bessemer Group Inc. boosted its stake in shares of Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 135 shares during the period. Arista Wealth Management LLC grew its holdings in shares of Amkor Technology by 1.2% during the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after acquiring an additional 157 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Strs Ohio increased its stake in shares of Amkor Technology by 8.6% in the first quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 235 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Amkor Technology by 0.7% in the second quarter. Arizona State Retirement System now owns 34,189 shares of the semiconductor company’s stock worth $2,948,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other 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: Amkor reported third-quarter gross profit of approximately $364 million, an 18.3% gross margin and an 11.3% operating margin. Net income increased to $191 million, while EPS rose to $0.76 from $0.51 a year earlier. Amkor Technology Q3 Revenue and Margins
• Positive Sentiment: Computing and automotive revenue reportedly reached records, supporting the company’s diversification beyond communications and strengthening the case for continued packaging demand. Amkor Third-Quarter Results
• Positive Sentiment: A reported $3 billion strategic AI-packaging opportunity involving NVIDIA provides a potentially significant long-term catalyst. The deal has fueled arguments that AMKR may be undervalued despite its recent decline. Amkor AI Packaging Deal
• Neutral Sentiment: Amkor’s $1.99 billion quarterly revenue was essentially flat year over year, indicating that margin expansion and mix improvements—not broad-based sales growth—were the main earnings positives.
• Negative Sentiment: Revenue of $1.99 billion fell short of the roughly $2.04 billion consensus estimate, while EPS of $0.76 missed expectations near $0.78–$0.79. Amkor Q3 Earnings Miss
• Negative Sentiment: Management’s outlook reportedly came in below analyst expectations, intensifying concerns about near-term demand and execution despite the AI opportunity. Amkor Guidance Miss
• Negative Sentiment: Sentiment was already weak ahead of the report following an analyst price-target reduction to $46 from $65, elevated put-option activity, and broader semiconductor-sector pressure. AMKR also trades well below its 50-day and 200-day moving averages. Amkor Pre-Earnings Pressure

Amkor Technology Company Profile

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.