Amkor Technology (AMKR) Stock

AMKR's present financials are subdued by weakness across multiple end markets due to the challenging macroeconomic environment.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Lightmatter, the leader in photonic supercomputing, today announced a strategic partnership with Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, to create the largest-ever 3D-packaged chip complex utilizing Lightmatter's innovative Passage™ platform. This collaboration harnesses Lightmatter's groundbreaking 3D-stacked photonic engine along with Amkor's advanced multi-die packaging expertise to meet t.

TEMPE, Ariz.--(BUSINESS WIRE)--Amkor declares increase in dividend and special dividend.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Amkor Technology (AMKR) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on October 28. The stock was hit hard after the miss thanks to some soft guidance.

AOS, ASLE and AMKR have been added to the Zacks Rank #5 (Strong Sell) List on October 31, 2024.

AMKR's Q3 results reflect the negative impact of the ongoing inventory corrections and weak demand in the Automotive and Industrial end markets.

Amkor Technology's advanced packaging leadership and partnership with TSMC are key growth drivers, targeting a $37 per share price within a year. AMKR's expansion in Korea, Vietnam, and a new facility in Arizona, supported by government funding, strengthens its market position. Despite a weak Q3 result, long-term growth is expected, driven by rising semiconductor demand in AI, automotive, and high-performance computing markets.

Amkor Technology (AMKR) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.54 per share a year ago.