Amkor Technology (NASDAQ:AMKR) Releases Q4 2024 Earnings Guidance

Amkor Technology (NASDAQ:AMKR - Get Free Report) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.280-0.440 for the period, compared to the consensus estimate of 0.550. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.8 billion. Amkor Technology also updated its Q4 guidance to $0.28-$0.44 EPS.

Amkor Technology Stock Performance

AMKR traded down $0.35 during trading hours on Monday, reaching $29.53. The company's stock had a trading volume of 2,378,108 shares, compared to its average volume of 1,303,235. The company's 50-day moving average is $30.71 and its 200-day moving average is $33.30. 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 $7.26 billion, a PE ratio of 19.43 and a beta of 1.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts forecast that Amkor Technology will post 1.55 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were issued a $0.079 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a yield of 1.07%. Amkor Technology's dividend payout ratio is currently 20.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on AMKR shares. Needham & Company LLC upped their target price on Amkor Technology from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Morgan Stanley upped their price objective on Amkor Technology from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, July 2nd. KeyCorp began coverage on Amkor Technology in a report on Friday, September 20th. They set an "overweight" rating and a $38.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Amkor Technology in a research report on Monday, July 1st. They issued an "overweight" rating and a $48.00 target price for the company. Finally, StockNews.com raised shares of Amkor Technology from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amkor Technology currently has an average rating of "Moderate Buy" and an average target price of $40.75.

Insider Transactions at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's 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 of the company's stock, valued at $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the company's stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

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.

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