Amkor Technology (NASDAQ:AMKR) Releases Earnings Results

Amkor Technology (NASDAQ:AMKR) posted its quarterly earnings results on Monday. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01), Briefing.com reports. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Amkor Technology updated its Q4 guidance to $0.28-$0.44 EPS and its Q4 2024 guidance to 0.280-0.440 EPS.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $25.43 on Tuesday. The stock has a market cap of $6.25 billion, a P/E ratio of 19.43 and a beta of 1.84. The firm’s 50-day simple moving average is $30.71 and its 200 day simple moving average is $33.30. Amkor Technology has a fifty-two week low of $17.58 and a fifty-two week high of $44.86. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is 20.39%.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of recent research reports. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Needham & Company LLC lowered their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley dropped their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.38.

Insider Activity at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at $655,146.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.