Amkor Technology (NASDAQ:AMKR – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. 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.
Amkor Technology Trading Down 1.2 %
Shares of AMKR stock traded down $0.35 during mid-day trading on Monday, reaching $29.53. 2,378,108 shares of the stock traded hands, compared to its average volume of 1,303,235. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 19.43 and a beta of 1.84. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $30.71 and its two-hundred day simple moving average is $33.30. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $44.86.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.26 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Amkor Technology will post 1.55 EPS for the current fiscal year.
Amkor Technology Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on AMKR shares. KeyCorp began coverage on Amkor Technology in a report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective for the company. Morgan Stanley increased 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. StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC increased their target price on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.
Get Our Latest Report on Amkor Technology
Insider Buying and Selling
In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction 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 sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 in the company, valued at approximately $655,146.87. This 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 owned by 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.
Further Reading
- Five stocks we like better than Amkor Technology
- What is a support level?
- Inflation Risk Rising, Key Trades Investors Are Making Now
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 Oil Stocks to Watch Before Earnings Come Out
- What is a Special Dividend?
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.