Amkor Technology (NASDAQ:AMKR) Shares Gap Down – Here’s What Happened

Amkor Technology, Inc. (NASDAQ:AMKR) shares gapped down prior to trading on Monday . The stock had previously closed at $51.73, but opened at $47.32. Amkor Technology shares last traded at $48.2990, with a volume of 655,269 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMKR shares. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Morgan Stanley raised their price target on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Bank of America initiated coverage on Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Amkor Technology in a research report on Tuesday, July 28th. Finally, B. Riley Financial dropped their target price on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Amkor Technology Price Performance

The company has a 50 day simple moving average of $55.10 and a 200-day simple moving average of $61.12. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 0.58 and a beta of 2.22. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Amkor Technology’s revenue for the quarter 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. Research analysts expect that Amkor Technology, Inc. will post 2.6 EPS for the current year.

Amkor Technology Dividend Announcement

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

Insiders Place Their Bets

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Monday, August 17th. The shares were sold at an average price of $59.78, for a total value of $298,900.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,325,681.12. The trade was a 11.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.81, for a total transaction of $279,050.00. Following the sale, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. This trade represents a 14.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,221 shares of company stock valued at $2,216,587 over the last 90 days. 26.40% of the stock is currently owned by company insiders.

Institutional Trading of Amkor Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in Amkor Technology by 12.5% during the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 135 shares in the last quarter. Arista Wealth Management LLC boosted its position 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 worth $1,176,000 after purchasing an additional 157 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the period. Evolve Private Wealth LLC increased its position in Amkor Technology by 3.0% in the 1st quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 222 shares in the last quarter. Finally, Strs Ohio raised its stake in Amkor Technology by 8.6% during the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock worth $134,000 after buying an additional 235 shares during the period. Institutional investors own 42.76% of the company’s stock.

About Amkor Technology

Amkor Technology, Inc (NASDAQ: AMKR) is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.

Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.