FY2025 EPS Forecast for Amkor Technology Reduced by Analyst

Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) - DA Davidson decreased their FY2025 earnings per share estimates for shares of Amkor Technology in a report released on Tuesday, February 11th. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings per share of $1.50 for the year, down from their previous estimate of $2.00. DA Davidson has a "Buy" rating and a $36.00 price target on the stock. The consensus estimate for Amkor Technology's current full-year earnings is $1.38 per share.

AMKR has been the topic of several other reports. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Melius downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating and decreased their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. B. Riley decreased their price target on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Amkor Technology has an average rating of "Hold" and an average target price of $31.50.

Amkor Technology Stock Performance

NASDAQ:AMKR traded up $0.32 on Thursday, hitting $22.51. The stock had a trading volume of 2,010,862 shares, compared to its average volume of 1,328,646. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 15.21 and a beta of 1.81. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $25.38 and its two-hundred day simple moving average is $27.96. Amkor Technology has a 52-week low of $21.46 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%.

Institutional Investors Weigh In On Amkor Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp grew its position in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Amkor Technology during the third quarter valued at about $39,000. Bessemer Group Inc. grew its position in shares of Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Hurley Capital LLC bought a new position in shares of Amkor Technology during the 4th quarter valued at approximately $43,000. 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.