B. Riley Cuts Amkor Technology (NASDAQ:AMKR) Price Target to $32.00

Amkor Technology (NASDAQ:AMKR) had its target price lowered by B. Riley from $38.00 to $32.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has 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.

A number of other research firms also recently weighed in on AMKR. KeyCorp reduced their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. DA Davidson cut their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.50.

Amkor Technology Trading Up 1.6 %

AMKR opened at $22.19 on Tuesday. The company’s 50 day moving average is $25.45 and its 200-day moving average is $28.11. Amkor Technology has a 1-year low of $21.46 and a 1-year high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.47 billion, a P/E ratio of 14.99 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Equities research analysts predict that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock worth $402,414,000 after purchasing an additional 1,092,002 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock worth $104,853,000 after purchasing an additional 556,761 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Amkor Technology by 24,383.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock worth $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. State Street Corp raised its holdings in Amkor Technology by 5.6% during the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after purchasing an additional 176,528 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after purchasing an additional 530,771 shares during the last quarter. 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.