Amkor Technology (NASDAQ:AMKR) Issues Q4 2024 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.280-0.440 for the period, compared to the consensus estimate of 0.550. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.8 billion. Amkor Technology also updated its Q4 guidance to $0.28-$0.44 EPS.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson reduced their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC dropped their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Morgan Stanley dropped their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.63.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded down $1.15 during midday trading on Thursday, reaching $25.58. The company had a trading volume of 1,274,243 shares, compared to its average volume of 1,331,027. Amkor Technology has a 52-week low of $17.58 and a 52-week high of $44.86. The company’s 50 day moving average price is $30.49 and its 200 day moving average price is $33.22. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $6.30 billion, a P/E ratio of 17.26 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amkor Technology will post 1.55 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.24%. Amkor Technology’s payout ratio is 20.95%.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

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.