Amkor Technology, Inc. to Post Q3 2024 Earnings of $0.72 Per Share, B. Riley Forecasts (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKRFree Report) – Investment analysts at B. Riley raised their Q3 2024 earnings per share estimates for shares of Amkor Technology in a research note issued to investors on Monday, February 5th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.72 per share for the quarter, up from their previous estimate of $0.56. B. Riley has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $1.98 per share. B. Riley also issued estimates for Amkor Technology’s Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.30 EPS and FY2025 earnings at $2.11 EPS.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the firm earned $0.67 earnings per share. Amkor Technology’s quarterly revenue was down 8.1% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. Morgan Stanley assumed coverage on shares of Amkor Technology in a research report on Thursday, November 9th. They set an “equal weight” rating and a $27.00 price target for the company. StockNews.com upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, UBS Group initiated coverage on shares of Amkor Technology in a research note on Thursday, November 16th. They issued a “buy” rating and a $31.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.50.

View Our Latest Stock Report on AMKR

Amkor Technology Stock Up 2.0 %

Shares of NASDAQ AMKR opened at $30.17 on Thursday. Amkor Technology has a 52-week low of $17.58 and a 52-week high of $34.44. The firm has a fifty day moving average of $31.62 and a 200-day moving average of $27.22. The stock has a market capitalization of $7.42 billion, a PE ratio of 20.66 and a beta of 2.00. The company has a quick ratio of 1.65, a current ratio of 2.31 and a debt-to-equity ratio of 0.27.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 5th were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, December 4th. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 21.23%.

Insider Activity

In related news, CFO Megan Faust sold 2,700 shares of Amkor Technology stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $26.19, for a total transaction of $70,713.00. Following the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $926,968.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $26.19, for a total transaction of $70,713.00. Following the completion of the sale, the chief financial officer now owns 35,394 shares in the company, valued at approximately $926,968.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.31, for a total transaction of $566,200.00. Following the sale, the director now owns 48,392 shares of the company’s stock, valued at approximately $1,369,977.52. The disclosure for this sale can be found here. Insiders have sold 25,400 shares of company stock valued at $723,313 over the last ninety days. 53.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Amkor Technology by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,860,585 shares of the semiconductor company’s stock worth $494,421,000 after acquiring an additional 244,026 shares during the period. BlackRock Inc. boosted its holdings in shares of Amkor Technology by 6.3% during the 2nd quarter. BlackRock Inc. now owns 14,142,932 shares of the semiconductor company’s stock valued at $420,752,000 after purchasing an additional 835,069 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after acquiring an additional 1,300,745 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Amkor Technology by 1,757.9% during the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock worth $124,424,000 after acquiring an additional 3,957,221 shares during the period. Finally, State Street Corp boosted its stake in shares of Amkor Technology by 2.8% during the first quarter. State Street Corp now owns 3,515,892 shares of the semiconductor company’s stock valued at $91,484,000 after purchasing an additional 95,883 shares in the last quarter. 38.69% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Company Profile

(Get Free Report)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.

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Earnings History and Estimates for Amkor Technology (NASDAQ:AMKR)

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