Needham & Company LLC Issues Positive Forecast for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its price target raised by Needham & Company LLC from $65.00 to $90.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target points to a potential upside of 19.02% from the company’s current price.

Several other research firms have also weighed in on AMKR. JPMorgan Chase & Co. lifted their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. William Blair upgraded shares of Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. Finally, Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and an average target price of $54.25.

Amkor Technology Stock Performance

AMKR opened at $75.62 on Tuesday. The firm has a 50 day moving average of $51.53 and a two-hundred day moving average of $44.72. The firm has a market capitalization of $18.74 billion, a PE ratio of 50.08 and a beta of 1.94. The company has a current ratio of 2.27, a quick ratio of 2.01 and a debt-to-equity ratio of 0.28. Amkor Technology has a 12-month low of $16.54 and a 12-month high of $79.23.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a net margin of 5.57% and a return on equity of 8.66%. The firm’s revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. On average, analysts anticipate that Amkor Technology will post 1.62 EPS for the current year.

Insider Activity

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $59.43, for a total value of $297,150.00. Following the sale, the executive vice president owned 38,904 shares in the company, valued at $2,312,064.72. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin K. Engel sold 12,500 shares of Amkor Technology stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total transaction of $609,375.00. Following the completion of the sale, the chief executive officer owned 2,953 shares in the company, valued at approximately $143,958.75. This trade represents a 80.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,500 shares of company stock worth $2,105,225 over the last 90 days. 26.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently bought and sold shares of AMKR. Royal Bank of Canada boosted its position in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after acquiring an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after acquiring an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in Amkor Technology during the first quarter worth about $271,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Amkor Technology

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

• Positive Sentiment: Q1 beat on both EPS and revenue (EPS $0.33 vs. $0.23 est; revenue $1.68B). The results showed solid YoY revenue growth and improved margins, supporting near-term profitability. BusinessWire Release
• Positive Sentiment: Company highlighted record revenue and strategic progress (slide deck / presentation materials available), which supports the growth story in advanced packaging and capacity expansion. Yahoo Markets: Q1 Highlights
• Neutral Sentiment: Analysts had raised forecasts ahead of the print and several firms updated models after results; changes in estimates could drive volatility but reflect broadly constructive analyst reaction. Benzinga: Analyst Revisions
• Neutral Sentiment: Management commentary in the earnings call and slide deck gives additional color on demand mix and strategic priorities; investors should parse forward commentary for sustainability of margins and mix. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Shares fell despite the beat — market reaction suggests forward guidance/remarks or the company’s messaging did not fully satisfy investors, or that some expected a stronger outlook. MSN: Stock Drops After Beat
• Negative Sentiment: Valuation and recent run-up increase downside sensitivity: AMKR is trading well above its long-term averages (high P/E and near its 12‑month high), which can amplify profit-taking and volatility after earnings. Yahoo: Valuation Discussion

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.