Amkor Technology (NASDAQ:AMKR) Stock Gets Price Target Reduction from Needham & Company LLC

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

A number of other analysts also recently commented on the company. Morgan Stanley upped their target price on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. B. Riley Financial lowered their price objective on Amkor Technology from $65.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Finally, Bank of America started coverage on shares of Amkor Technology in a report on Thursday, August 27th. They set a “buy” rating and a $70.00 target price for the company. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.33.

Amkor Technology Trading Down 6.3%

Shares of Amkor Technology stock opened at $36.81 on Tuesday. 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 firm has a fifty day moving average price of $49.07 and a 200 day moving average price of $57.29. Amkor Technology has a 1 year low of $29.50 and a 1 year high of $96.68. The stock has a market cap of $9.15 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.48 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 26th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that Amkor Technology will post 2.60 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Kevin K. Engel sold 3,221 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.00, for a total transaction of $151,387.00. Following the transaction, the chief executive officer owned 9,666 shares in the company, valued at $454,302. This trade represents a 24.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Giel Rutten sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total value of $1,383,750.00. Following the transaction, the director owned 486,732 shares in the company, valued at $26,940,616.20. This trade represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 46,221 shares of company stock valued at $2,538,507. 26.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMKR. Park Avenue Securities LLC purchased a new stake in shares of Amkor Technology during the third quarter worth about $229,000. Signaturefd LLC lifted its stake in Amkor Technology by 7.3% in the 3rd quarter. Signaturefd LLC now owns 5,714 shares of the semiconductor company’s stock valued at $299,000 after buying an additional 390 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Amkor Technology by 19.2% in the 3rd quarter. Sowell Financial Services LLC now owns 33,703 shares of the semiconductor company’s stock valued at $1,765,000 after buying an additional 5,417 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Amkor Technology by 6.7% in the 3rd quarter. Wedbush Securities Inc. now owns 4,395 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 275 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Amkor Technology by 1.6% in the 3rd quarter. Yousif Capital Management LLC now owns 32,062 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 498 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.