Research Analysts Offer Predictions for AMKR FY2024 Earnings

Amkor Technology, Inc. (NASDAQ:AMKR) – Investment analysts at B. Riley dropped their FY2024 earnings estimates for shares of Amkor Technology in a report released on Monday, October 28th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $1.40 per share for the year, down from their prior forecast of $1.50. The consensus estimate for Amkor Technology’s current full-year earnings is $1.55 per share. B. Riley also issued estimates for Amkor Technology’s Q4 2024 earnings at $0.36 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.72 EPS and FY2026 earnings at $2.25 EPS.

Several other research analysts have also commented on AMKR. Morgan Stanley decreased their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC decreased their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, DA Davidson decreased their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.63.

Amkor Technology Stock Down 4.5 %

Shares of NASDAQ AMKR opened at $26.73 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Amkor Technology has a 12 month low of $17.58 and a 12 month high of $44.86. The firm has a market capitalization of $6.57 billion, a PE ratio of 17.59 and a beta of 1.84. The firm has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $33.22.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Institutional Trading of Amkor Technology

Institutional investors have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $40,000. Larson Financial Group LLC boosted its holdings in shares of Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $52,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Amkor Technology during the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the 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 of the company’s stock, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the 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 $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is 20.39%.

Amkor Technology Company Profile

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.