Key Points
- Amkor CFO Megan Faust sold 1,000 shares for $46,920 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 0.75% to 133,105 shares.
- Amkor reported strong quarterly results, with $0.70 EPS versus the $0.47 consensus estimate and revenue of $1.90 billion, up 25.6% year over year.
- Analyst sentiment remains moderately bullish: six analysts rate the stock a Buy and six rate it a Hold, producing an average price target of $68.33 versus a recent price near $44.
Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) CFO Megan Faust sold 1,000 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the chief financial officer directly owned 133,105 shares in the company, valued at approximately $6,245,286.60. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Megan Faust also recently made the following trade(s):
- On Tuesday, September 8th, Megan Faust sold 1,000 shares of Amkor Technology stock. The stock was sold at an average price of $49.05, for a total value of $49,050.00.
- On Tuesday, August 11th, Megan Faust sold 1,000 shares of Amkor Technology stock. The shares were sold at an average price of $54.45, for a total value of $54,450.00.
Amkor Technology Stock Down 1.7%
AMKR stock opened at $44.05 on Friday. Amkor Technology, Inc. has a 52 week low of $29.50 and a 52 week high of $96.68. The business has a 50-day simple moving average of $51.03 and a 200 day simple moving average of $61.97. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $10.94 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.55 and a beta of 2.21.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.23. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. Amkor Technology's revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Sell-side analysts anticipate that Amkor Technology, Inc. will post 2.60 EPS for the current fiscal year.
Amkor Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were given a $0.0835 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.8%. Amkor Technology's payout ratio is presently 14.80%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on AMKR shares. UBS Group upgraded shares of Amkor Technology from a "neutral" rating to a "buy" rating and increased their price target for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Zacks Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Amkor Technology in a research report on Tuesday, July 28th. Morgan Stanley boosted their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. Finally, B. Riley Financial cut their target price on Amkor Technology from $75.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Amkor Technology currently has an average rating of "Moderate Buy" and an average price target of $68.33.
Get Our Latest Research Report on Amkor Technology
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Amkor Technology during the second quarter worth about $1,060,005,000. Principal Financial Group Inc. boosted its stake in shares of Amkor Technology by 19.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company's stock valued at $118,107,000 after purchasing an additional 423,629 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at approximately $152,110,000. Bank of New York Mellon Corp bought a new stake in shares of Amkor Technology during the 2nd quarter valued at approximately $90,656,000. Finally, SG Americas Securities LLC grew its holdings in shares of Amkor Technology by 39.8% during the 1st quarter. SG Americas Securities LLC now owns 978,570 shares of the semiconductor company's stock valued at $44,065,000 after purchasing an additional 278,521 shares during the last quarter. Institutional investors own 42.76% of the company's stock.
About Amkor Technology
(
Get Free Report)
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging and testing services. The company works with semiconductor manufacturers, fabless chip designers, foundries and integrated device manufacturers to assemble, package and test integrated circuits before they are incorporated into electronic products.
Its services include advanced packaging, flip-chip and wirebond assembly, wafer-level processing, system-in-package solutions, wafer bumping and semiconductor testing.
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