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DA Davidson Weighs in on Amkor Technology, Inc.'s Q3 2022 Earnings (NASDAQ:AMKR)

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Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) – Equities researchers at DA Davidson issued their Q3 2022 earnings estimates for Amkor Technology in a note issued to investors on Tuesday, August 2nd. DA Davidson analyst T. Diffely anticipates that the semiconductor company will post earnings per share of $0.92 for the quarter. DA Davidson has a "Buy" rating and a $30.00 price objective on the stock. The consensus estimate for Amkor Technology's current full-year earnings is $2.70 per share. DA Davidson also issued estimates for Amkor Technology's FY2022 earnings at $2.92 EPS and FY2023 earnings at $3.10 EPS.

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Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $22.70 on Wednesday. The firm's fifty day simple moving average is $18.30 and its 200-day simple moving average is $20.10. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 8.05 and a beta of 1.55. Amkor Technology has a 12 month low of $14.89 and a 12 month high of $29.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.49.

Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.52 billion. Amkor Technology had a net margin of 10.65% and a return on equity of 23.46%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Amkor Technology by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 12,002,251 shares of the semiconductor company's stock valued at $260,689,000 after buying an additional 132,938 shares during the last quarter. BlackRock Inc. boosted its position in shares of Amkor Technology by 1.3% during the 1st quarter. BlackRock Inc. now owns 11,864,830 shares of the semiconductor company's stock worth $257,703,000 after purchasing an additional 155,412 shares in the last quarter. LSV Asset Management boosted its position in shares of Amkor Technology by 9.2% during the 1st quarter. LSV Asset Management now owns 8,153,318 shares of the semiconductor company's stock worth $177,090,000 after purchasing an additional 684,917 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Amkor Technology by 2.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,168,786 shares of the semiconductor company's stock worth $128,134,000 after purchasing an additional 106,253 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Amkor Technology by 22.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,966,673 shares of the semiconductor company's stock worth $98,334,000 after purchasing an additional 714,990 shares in the last quarter. 59.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Megan Faust sold 12,000 shares of Amkor Technology stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $19.07, for a total value of $228,840.00. Following the transaction, the chief financial officer now directly owns 8,512 shares in the company, valued at approximately $162,323.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 56.50% of the company's stock.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Tuesday, June 7th were issued a $0.05 dividend. The ex-dividend date was Monday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. Amkor Technology's payout ratio is 7.09%.

About Amkor Technology

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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.

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