Amkor Technology (AMKR) to Release Earnings on Monday

Amkor Technology (NASDAQ:AMKR) is scheduled to release its earnings data after the market closes on Monday, July 29th. Analysts expect Amkor Technology to post earnings of $0.22 per share for the quarter. Amkor Technology has set its Q2 guidance at $0.14-0.30 EPS and its Q2 2024 guidance at 0.140-0.300 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. Amkor Technology’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Price Performance

Shares of AMKR stock opened at $38.15 on Friday. The stock’s fifty day simple moving average is $37.48 and its 200 day simple moving average is $33.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.08. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 25.10 and a beta of 1.86. Amkor Technology has a one year low of $17.58 and a one year high of $44.86.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, June 4th. Amkor Technology’s dividend payout ratio is 20.39%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMKR. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Amkor Technology in a research note on Tuesday, April 30th. Morgan Stanley boosted their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. B. Riley boosted their price target on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. initiated coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.43.

Insider Activity

In other news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total transaction of $156,500.00. Following the transaction, the executive vice president now owns 25,280 shares of the company’s stock, valued at $791,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total transaction of $156,500.00. Following the transaction, the executive vice president now owns 25,280 shares of the company’s stock, valued at $791,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $32.20, for a total value of $644,000.00. Following the completion of the sale, the director now owns 129,218 shares of the company’s stock, valued at approximately $4,160,819.60. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock valued at $2,708,250 over the last 90 days. 31.40% of the stock is owned by company insiders.

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.