Amkor Technology (NASDAQ:AMKR) Posts Earnings Results, Beats Expectations By $0.06 EPS

Amkor Technology (NASDAQ:AMKR - Get Free Report) posted its earnings results on Monday. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.06, Zacks reports. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology updated its Q1 2025 guidance to 0.010-0.170 EPS.

Amkor Technology Stock Up 1.6 %

NASDAQ:AMKR traded up $0.35 during midday trading on Thursday, reaching $22.19. 1,929,176 shares of the stock traded hands, compared to its average volume of 1,615,209. The business has a 50-day moving average of $25.45 and a two-hundred day moving average of $28.11. The stock has a market capitalization of $5.47 billion, a PE ratio of 14.99 and a beta of 1.81. Amkor Technology has a 12-month low of $21.46 and a 12-month high of $44.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Analysts Set New Price Targets

AMKR has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday. KeyCorp dropped their target price on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Amkor Technology has an average rating of "Hold" and a consensus target price of $31.50.

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.