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

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

AMKR has been the topic of a number of other reports. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and raised their target price for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Bank of America assumed coverage on Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.22.

Amkor Technology Stock Performance

AMKR traded up $0.04 during trading on Tuesday, hitting $41.94. 1,599,339 shares of the company traded hands, compared to its average volume of 4,780,649. Amkor Technology has a one year low of $29.50 and a one year high of $96.68. The stock’s fifty day moving average is $50.54 and its 200 day moving average is $61.96. The firm has a market cap of $10.42 billion, a P/E ratio of 18.79, a price-to-earnings-growth 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 (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.23. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, equities analysts predict that Amkor Technology will post 2.60 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amkor Technology news, EVP Mark Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at $2,325,681.12. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the sale, the director owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 46,221 shares of company stock valued at $2,538,507 over the last three months. Corporate insiders own 26.40% of the company’s stock.

Institutional Trading of Amkor Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. LexAurum Advisors LLC bought a new stake in Amkor Technology during the 3rd quarter valued at approximately $321,000. IFP Advisors Inc grew its holdings in shares of Amkor Technology by 1,757.0% during the 3rd quarter. IFP Advisors Inc now owns 19,517 shares of the semiconductor company’s stock worth $1,022,000 after acquiring an additional 18,466 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Amkor Technology in the 3rd quarter worth approximately $3,339,000. TD Waterhouse Canada Inc. raised its position in shares of Amkor Technology by 241.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,366 shares of the semiconductor company’s stock worth $231,000 after acquiring an additional 3,087 shares in the last quarter. Finally, Ellsworth Advisors LLC purchased a new position in shares of Amkor Technology in the 3rd quarter valued at approximately $5,772,000. 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.