Amkor Technology (NASDAQ:AMKR) Stock Price Down 8.4% – Should You Sell?

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) were down 8.4% during mid-day trading on Tuesday . The company traded as low as $56.18 and last traded at $56.1710. 684,972 shares were traded during trading, a decline of 86% from the average daily volume of 4,991,191 shares. The stock had previously closed at $61.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMKR shares. B. Riley Financial cut their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.12.

Amkor Technology Stock Down 7.2%

The firm has a 50-day simple moving average of $67.57 and a 200 day simple moving average of $61.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The company has a market capitalization of $12.64 billion, a PE ratio of 22.82 and a beta of 2.24.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, research analysts predict that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is currently 14.80%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the completion of the sale, the chief executive officer owned 9,666 shares of the company’s stock, valued at $454,302. This trade represents a 24.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Winston J. Churchill sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the sale, the director owned 28,781 shares in the company, valued at $2,250,674.20. This represents a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,221 shares of company stock worth $3,059,887 over the last 90 days. 26.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors have recently added to or reduced their stakes in AMKR. Bessemer Group Inc. grew its stake in shares of Amkor Technology by 12.5% during the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 135 shares in the last quarter. Arista Wealth Management LLC increased its position in shares of Amkor Technology by 1.2% during the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after acquiring an additional 157 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Amkor Technology by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 202 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Amkor Technology by 0.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Company Profile

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.