Amkor Technology (NASDAQ:AMKR) Releases Q4 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.28-$0.44 for the period, compared to the consensus estimate of $0.55. The company issued revenue guidance of $1.6-$1.7 billion, compared to the consensus revenue estimate of $1.84 billion. Amkor Technology also updated its Q4 2024 guidance to 0.280-0.440 EPS.

Amkor Technology Stock Down 13.9 %

NASDAQ:AMKR opened at $25.43 on Tuesday. The company has a market capitalization of $6.25 billion, a PE ratio of 19.43 and a beta of 1.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $44.86. The firm’s 50-day moving average price is $30.71 and its 200-day moving average price is $33.30.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. On average, equities analysts predict that Amkor Technology will post 1.55 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

Analyst Ratings Changes

A number of research firms have issued reports on AMKR. JPMorgan Chase & Co. started coverage on Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. KeyCorp reduced their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley lowered their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Needham & Company LLC decreased their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.38.

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

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.