Amkor Technology (NASDAQ:AMKR) Given New $32.00 Price Target at B. Riley

Amkor Technology (NASDAQ:AMKR - Get Free Report) had its target price dropped by research analysts at B. Riley from $38.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. B. Riley's price target would indicate a potential upside of 42.19% from the stock's current price. B. Riley also issued estimates for Amkor Technology's Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.72 EPS, FY2025 earnings at $1.42 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.52 EPS and FY2026 earnings at $1.91 EPS.

AMKR has been the topic of a number of other research reports. StockNews.com lowered Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and lowered their target price for the company from $34.00 to $30.00 in a report on Monday, January 6th. KeyCorp lowered their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. DA Davidson reduced their price objective on Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Finally, Morgan Stanley reduced their price objective on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology has an average rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Stock Up 1.4 %

Shares of NASDAQ AMKR traded up $0.32 during mid-day trading on Tuesday, reaching $22.51. 1,283,922 shares of the company traded hands, compared to its average volume of 1,601,884. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock has a market cap of $5.55 billion, a PE ratio of 15.17 and a beta of 1.81. The company's fifty day moving average is $25.45 and its two-hundred day moving average is $28.11. Amkor Technology has a fifty-two week low of $21.46 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. On average, analysts expect that Amkor Technology will post 1.38 earnings per share for the current year.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently modified their holdings of AMKR. Sanctuary Advisors LLC bought a new position in shares of Amkor Technology during the 2nd quarter worth approximately $386,000. CWM LLC raised its position in Amkor Technology by 530.1% in the 3rd quarter. CWM LLC now owns 14,863 shares of the semiconductor company's stock valued at $455,000 after purchasing an additional 12,504 shares during the last quarter. Ritholtz Wealth Management raised its position in Amkor Technology by 1.7% in the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock valued at $665,000 after purchasing an additional 357 shares during the last quarter. Ulland Investment Advisors LLC bought a new position in Amkor Technology in the 3rd quarter valued at $82,000. Finally, Teamwork Financial Advisors LLC bought a new position in Amkor Technology in the 3rd quarter valued at $269,000. Institutional investors own 42.76% of the company's stock.

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.