Amkor Technology (NASDAQ:AMKR) Upgraded at UBS Group

UBS Group upgraded shares of Amkor Technology (NASDAQ:AMKR) from a neutral rating to a buy rating in a report published on Friday morning, Marketbeat Ratings reports. They currently have $90.00 price target on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC lifted their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Morgan Stanley raised their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. B. Riley Financial reduced their target price on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.25.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $64.96 on Friday. The firm’s 50 day moving average is $73.36 and its 200 day moving average is $60.75. The stock has a market capitalization of $16.10 billion, a P/E ratio of 37.12 and a beta of 2.20. Amkor Technology has a 12 month low of $20.86 and a 12 month high of $96.68. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business earned $0.09 EPS. Amkor Technology’s revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Amkor Technology will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. Amkor Technology’s dividend payout ratio is presently 18.86%.

Insider Buying and Selling

In related news, Director Winston J. Churchill sold 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. The trade was a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gil C. Tily sold 15,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares in the company, valued at $8,410,703.80. This represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 114,000 shares of company stock valued at $8,631,450 in the last ninety days. 26.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMKR. IFP Advisors Inc increased its position in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares during the last quarter. Root Financial Partners LLC grew its stake in Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares in the last quarter. CoreCap Advisors LLC grew its stake in Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Key Stories Impacting Amkor Technology

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

• Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article
• Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article
• Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article
• Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now.
• Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article
• Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.