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In a recent transaction reported to the Securities and Exchange Commission, Susan Y. Kim, a director and significant shareholder of Amkor Technology , Inc. (NASDAQ:AMKR), acquired a substantial number of shares in the semiconductor company. The transaction, dated February 24, 2025, involved the acquisition of 869,565 shares at a price of $21.85 per share, amounting to a total value of approximately $18.9 million. The purchase price represents an attractive entry point, as the stock is currently trading near its 52-week low of $21.46, having declined over 32% in the past six months. According to InvestingPro analysis, AMKR appears undervalued at current levels.
This acquisition was conducted through Sujoda Investments, LP, an entity associated with Kim. Following this transaction, Kim’s indirect holdings, through various trusts and partnerships, include a significant number of shares in Amkor Technology, highlighting her continued confidence in the company’s prospects. InvestingPro data reveals that Amkor maintains strong fundamentals, with a healthy balance sheet showing more cash than debt and a current ratio of 2.11x.
Amkor Technology, based in Tempe, Arizona, is a leading provider in the semiconductor packaging and test services industry. With a market capitalization of $5.46 billion and a P/E ratio of 15.25x, the company continues to be a key player in the sector, providing essential services to a diverse range of electronics manufacturers. The company has demonstrated its commitment to shareholder returns by raising its dividend for five consecutive years. Discover more detailed insights and 12 additional ProTips about AMKR on InvestingPro.
In other recent news, Amkor Technology reported fourth-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of $0.43 compared to the anticipated $0.38. However, the company’s revenue for the quarter was $1.63 billion, slightly below the consensus estimate of $1.66 billion, marking a 7% year-over-year decrease. The company’s guidance for the first quarter of 2025 was weaker than expected, with projected earnings per share between $0.01 and $0.17 and revenue between $1.225 billion and $1.325 billion, both below analyst forecasts. In response to these developments, KeyBanc revised its price target for Amkor Technology to $27 from $34, maintaining an Overweight rating due to anticipated challenges in the automotive sector and low gross margins. Similarly, UBS adjusted its price target to $27.65 from $32.50, retaining a Neutral rating and expressing concerns about Amkor’s sales guidance and capital expenditure growth. On a more optimistic note, DA Davidson maintained its Buy rating with a $36 price target, expecting Amkor to overcome short-term challenges and regain lost business in the communications sector by the second half of 2025. Despite these mixed forecasts, Amkor highlighted positive strides, such as the ramp-up of its Vietnam facility and record Advanced SiP revenue. The company’s board also approved a 5% increase in the quarterly cash dividend and a special cash dividend, paid in December 2024.
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