Amkor Technology (NASDAQ:AMKR) Updates Q4 2022 Earnings Guidance – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Amkor Technology (NASDAQ:AMKRGet Rating) issued an update on its fourth quarter 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.60-$0.80 for the period, compared to the consensus earnings per share estimate of $0.88. The company issued revenue guidance of $1.80 billion-$1.90 billion, compared to the consensus revenue estimate of $1.87 billion.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $21.06 on Monday. The stock has a market cap of $5.16 billion, a P/E ratio of 6.34 and a beta of 1.56. The company’s 50-day simple moving average is $18.73 and its 200 day simple moving average is $19.03. Amkor Technology has a twelve month low of $14.89 and a twelve month high of $26.64. The company has a quick ratio of 1.30, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.
Amkor Technology (NASDAQ:AMKRGet Rating) last posted its earnings results on Monday, October 31st. The semiconductor company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.31. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, research analysts forecast that Amkor Technology will post 3.14 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were paid a $0.05 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. Amkor Technology’s payout ratio is currently 6.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMKR shares. StockNews.com started coverage on shares of Amkor Technology in a research note on Wednesday, October 12th. They issued a buy rating on the stock. DA Davidson decreased their price objective on shares of Amkor Technology to $30.00 in a research note on Friday.

Insiders Place Their Bets

In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $19.07, for a total transaction of $114,420.00. Following the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at $162,323.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 56.50% of the company’s stock.

Institutional Trading of Amkor Technology

Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. grew its stake in shares of Amkor Technology by 17.7% during the first quarter. Baird Financial Group Inc. now owns 23,132 shares of the semiconductor company’s stock valued at $503,000 after purchasing an additional 3,485 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Amkor Technology by 156.1% during the second quarter. Atria Wealth Solutions Inc. now owns 27,321 shares of the semiconductor company’s stock valued at $463,000 after purchasing an additional 16,651 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Amkor Technology by 7.1% during the first quarter. Hsbc Holdings PLC now owns 19,166 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 1,271 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Amkor Technology during the first quarter valued at approximately $330,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in shares of Amkor Technology during the first quarter valued at approximately $299,000. 38.69% of the stock is owned by institutional investors.

About Amkor Technology

(Get Rating)
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Amkor Technology, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Amkor Technology wasn’t on the list.
While Amkor Technology currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source

Leave a Comment

Your email address will not be published.