What is B. Riley's Estimate for AMKR FY2024 Earnings?

Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) - Research analysts at B. Riley reduced their FY2024 earnings per share 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 post earnings of $1.40 per share for the year, down from their previous 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.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $0.54 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday. Needham & Company LLC lowered their price objective on Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley cut their target price on Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday. The Goldman Sachs Group decreased their price target on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.63.

Amkor Technology Trading Down 4.5 %

Shares of AMKR traded down $1.25 during mid-day trading on Wednesday, reaching $26.73. The stock had a trading volume of 2,501,806 shares, compared to its average volume of 1,331,294. Amkor Technology has a 52-week low of $17.58 and a 52-week high of $44.86. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 17.59 and a beta of 1.84. The business's fifty day moving average is $30.62 and its 200 day moving average is $33.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMKR. 1620 Investment Advisors Inc. purchased a new stake in shares of Amkor Technology during the 2nd quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Amkor Technology during the 2nd quarter worth about $40,000. Larson Financial Group LLC boosted its position 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 worth $50,000 after acquiring an additional 1,130 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Amkor Technology in the 2nd quarter valued at about $52,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Amkor Technology during the 1st quarter worth about $43,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Activity

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $655,146.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now owns 19,871 shares in the company, valued at $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Amkor Technology's dividend payout ratio is presently 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.