DA Davidson Lowers Earnings Estimates for Amkor Technology

Amkor Technology, Inc. (NASDAQ:AMKR) – Equities research analysts at DA Davidson cut their FY2025 earnings per share estimates for Amkor Technology in a research report issued to clients and investors on Tuesday, February 11th. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings of $1.50 per share for the year, down from their prior forecast of $2.00. DA Davidson currently has a “Buy” rating and a $36.00 price target on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $1.38 per share.

Several other equities research analysts have also recently commented on AMKR. Morgan Stanley lowered their target price on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced 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 note on Tuesday. KeyCorp dropped 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. Finally, B. Riley cut their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus price target of $31.50.

Amkor Technology Stock Performance

AMKR stock opened at $21.84 on Thursday. The company has a 50 day moving average price of $25.53 and a 200 day moving average price of $28.15. Amkor Technology has a fifty-two week low of $21.46 and a fifty-two week high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $5.39 billion, a PE ratio of 14.76 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMKR. Russell Investments Group Ltd. boosted its position in shares of Amkor Technology by 25.7% during the fourth quarter. Russell Investments Group Ltd. now owns 173,355 shares of the semiconductor company’s stock worth $4,453,000 after purchasing an additional 35,397 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of Amkor Technology in the 4th quarter valued at $43,000. Envestnet Asset Management Inc. raised its stake in Amkor Technology by 8.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 571,448 shares of the semiconductor company’s stock worth $14,680,000 after buying an additional 44,689 shares during the period. Wells Fargo & Company MN lifted its holdings in Amkor Technology by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 310,126 shares of the semiconductor company’s stock worth $7,967,000 after acquiring an additional 50,347 shares in the last quarter. Finally, Riverwater Partners LLC grew its stake in Amkor Technology by 2.7% in the fourth quarter. Riverwater Partners LLC now owns 44,088 shares of the semiconductor company’s stock valued at $1,133,000 after acquiring an additional 1,142 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.