Amkor Technology Inc. [AMKR] attracts people because of its fundamentals

The stock of Amkor Technology Inc. (NASDAQ:AMKR) last traded at $29.64, up 1.89% from the previous session.

Data from the available sources indicates that Amkor Technology Inc. (NASDAQ:AMKR) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $30.00, we find $30.00. Given the previous closing price of $29.09, this indicates a potential upside of 3.13 percent. AMKR stock price is now 9.61% away from the 50-day moving average and 16.00% away from the 200-day moving average. The market capitalization of the company currently stands at $7.14B.

In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $32.00 as their price target over the next twelve months.

With the price target of $30, DA Davidson recently initiated with Buy rating for Amkor Technology Inc. (NASDAQ: AMKR).

In other news, Faust Megan, CFO sold 2,700 shares of the company’s stock on Jul 21. The stock was sold for $76,707 at an average price of $28.41. Upon completion of the transaction, the CFO now directly owns 35,394 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, CFO Faust Megan sold 2,700 shares of the business’s stock. A total of $71,226 was realized by selling the stock at an average price of $26.38. This leaves the insider owning 35,394 shares of the company worth $1.05 million. Insiders disposed of 21,238,628 shares of company stock worth roughly $629.51 million over the past 1 year. A total of 6.10% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in AMKR stock. A new stake in Amkor Technology Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $11,207,000. M&G INVESTMENT MANAGEMENT LTD invested $8,378,000 in shares of AMKR during the first quarter. In the first quarter, BOSTON PARTNERS acquired a new stake in Amkor Technology Inc. valued at approximately $7,295,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in AMKR for approximately $4,313,000. PORTOLAN CAPITAL MANAGEMENT, LLC purchased a new stake in AMKR valued at around $2,748,000 in the second quarter. In total, there are 409 active investors with 39.20% ownership of the company’s stock.

With an opening price of $28.52 on Tuesday morning, Amkor Technology Inc. (NASDAQ: AMKR) set off the trading day. During the past 12 months, Amkor Technology Inc. has had a low of $16.13 and a high of $31.38. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 2.10, and a quick ratio of 1.70. The fifty day moving average price for AMKR is $27.17 and a two-hundred day moving average price translates $25.61 for the stock.

The latest earnings results from Amkor Technology Inc. (NASDAQ: AMKR) was released for Jun, 2023. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.21 by 0.05. This compares to $0.70 EPS in the same period last year. The net profit margin was 9.20% and return on equity was 18.20% for AMKR. The company reported revenue of $1.47 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.85 percent. For the current quarter, analysts expect AMKR to generate $1.78B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 06/26/2023. Investors who held shares on 06/06/2023 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 1.01% percent yield. There was an ex-dividend date of 06/05/2023 for this dividend. In terms of dividend payout ratio, AMKR is presently at 9.60%.

Amkor Technology Inc.(AMKR) Company Profile

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. The company provides 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; and flip-chip ball grid array packages for various networking, storage, computing, and consumer applications. In addition, it offers wafer-level CSP packages that are used in power management, transceivers, sensors, wireless charging, codecs, radar, and specialty silicon; wafer-level fan-out packages includes power management, transceivers, radar, and specialty silicon for use in ICs; and silicon wafer integrated fan-out technology, which replaces a laminate substrate with a thinner structure. Further, the company provides lead frame packages that are used in electronic devices for low to medium pin count analog and mixed-signal applications; and substrate-based wirebond packages used to connect a die to a substrate. Additionally, it offers micro-electro-mechanical systems (MEMS) packages that are miniaturized mechanical and electromechanical devices; and advanced system-in-package modules, which are used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid-state drives. The company primarily serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers, and contract foundries. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona.