Amkor Technology (NASDAQ:AMKR) Price Target Cut to $32.00 by Analysts at B. Riley

Amkor Technology (NASDAQ:AMKR) had its price target reduced by B. Riley from $38.00 to $32.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for Amkor Technology’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.72 EPS, FY2025 earnings at $1.42 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.52 EPS and FY2026 earnings at $1.91 EPS.

Several other analysts have also weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday. KeyCorp decreased their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group decreased their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. DA Davidson decreased their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, Morgan Stanley decreased their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.50.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $22.19 on Tuesday. The company has a fifty day moving average of $25.45 and a 200-day moving average of $28.11. The firm has a market capitalization of $5.47 billion, a P/E ratio of 14.99 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. Amkor Technology has a twelve month low of $21.46 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Amkor Technology will post 1.38 EPS for the current year.

Hedge Funds Weigh In On Amkor Technology

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Amkor Technology during the 4th quarter worth $27,000. Jones Financial Companies Lllp boosted its holdings in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Amkor Technology during the 3rd quarter worth $39,000. Bessemer Group Inc. boosted its holdings in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Hurley Capital LLC purchased a new position in Amkor Technology during the 4th quarter worth $43,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.