Amkor Technology, Inc. (AMKR) Posts Earnings Results, Beats Expectations By $0.03 EPS

Amkor Technology, Inc. (NASDAQ:AMKR) posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03, Briefing.com reports. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Amkor Technology updated its Q4 guidance to $0.14-0.23 EPS.

Amkor Technology (NASDAQ AMKR) opened at $10.90 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2,632.08, a PE ratio of 14.67 and a beta of 2.70. Amkor Technology has a 1-year low of $8.32 and a 1-year high of $12.48.

Several brokerages have commented on AMKR. Deutsche Bank AG restated a “hold” rating and issued a $10.50 target price (down previously from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st. BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.50.

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Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

Earnings History for Amkor Technology (NASDAQ:AMKR)

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