Needham & Company LLC Reaffirms “Buy” Rating for Amkor Technology (NASDAQ:AMKR)

Amkor Technology (NASDAQ:AMKR)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They presently have a $90.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 48.25% from the stock’s current price.

A number of other equities research analysts also recently weighed in on AMKR. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. The Goldman Sachs Group increased 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. Morgan Stanley lifted their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. B. Riley Financial reduced their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Finally, UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $80.00 to $90.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Amkor Technology Stock Down 6.5%

Shares of AMKR opened at $60.71 on Tuesday. The firm has a fifty day moving average price of $73.25 and a 200-day moving average price of $60.82. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $15.05 billion, a P/E ratio of 34.69 and a beta of 2.20. Amkor Technology has a 12-month low of $20.86 and a 12-month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.47 by $0.23. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities research analysts expect that Amkor Technology will post 2.08 earnings per share for the current year.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total transaction of $431,050.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $70.30, for a total transaction of $70,300.00. Following the sale, the chief financial officer directly owned 132,138 shares of the company’s stock, valued at $9,289,301.40. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 114,000 shares of company stock worth $8,631,450 in the last quarter. Corporate insiders own 26.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Several large investors have recently added to or reduced their stakes in AMKR. Heck Capital Advisors LLC acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at about $242,000. Handelsbanken Fonder AB boosted its stake in shares of Amkor Technology by 14.6% during the second quarter. Handelsbanken Fonder AB now owns 40,876 shares of the semiconductor company’s stock valued at $3,525,000 after acquiring an additional 5,200 shares during the last quarter. KMG Fiduciary Partners LLC purchased a new position in shares of Amkor Technology during the 2nd quarter worth $376,000. Wealthcare Advisory Partners LLC purchased a new stake in Amkor Technology in the second quarter valued at approximately $325,000. Finally, Arista Wealth Management LLC raised its holdings in shares of Amkor Technology by 1.2% in 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 during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Amkor Technology

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

• Positive Sentiment: Q2 earnings and revenue beat estimates: Amkor reported adjusted earnings of $0.70 per share versus the $0.47 analyst consensus, while revenue reached $1.90 billion compared with expectations of $1.81 billion. Revenue increased 25.6% from the prior year, and EPS rose sharply from $0.22. Amkor Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Record quarter and broad-based demand: Management attributed the strong performance to growth in computing, automotive and industrial markets. The results reinforce the investment case for Amkor’s semiconductor packaging and test operations and are driving positive momentum in the shares. Amkor Delivers Record Q2 as Earnings and Revenue Crush Estimates
• Positive Sentiment: Q3 EPS outlook exceeded expectations: Amkor guided for third-quarter EPS of $0.72 to $0.82, above the $0.62 consensus estimate. This suggests continued profit strength despite a mixed revenue outlook. Amkor Technology Reports Financial Results for the Second Quarter 2026
• Neutral Sentiment: Analyst price target remains moderately bullish: Analysts assign Amkor an average price target of $68, above the referenced $60.71 opening price, but the target implies more limited upside than the stock’s recent 210% run and remains below its 52-week high. Amkor Receives $68 Average Price Target
• Negative Sentiment: Revenue guidance was mixed: Amkor forecast third-quarter revenue of $2.0 billion to $2.1 billion, versus a $2.1 billion consensus estimate. The lower end of the range raises concerns that sales growth could moderate even as margins and EPS remain strong. Amkor Q2 2026 Earnings Call Transcript

About Amkor Technology

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.