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In a recent transaction, Sujoda Investments, LP, a member of the 10% owner group, acquired 869,565 shares of Amkor Technology , Inc. (NASDAQ:AMKR) common stock. The acquisition, valued at approximately $18.9 million, was executed at a price of $21.85 per share. The transaction comes as Amkor, a prominent player in the semiconductor industry with a market capitalization of $5.4 billion, trades near its 52-week low following a challenging six-month period that saw the stock decline by about 33%. This transaction increased Sujoda Investments’ total holdings to 3,347,890 shares. The shares were distributed to Sujoda Investments by James J. Kim as part of a family group transaction. According to InvestingPro analysis, Amkor maintains strong financial health with a current ratio of 2.11 and holds more cash than debt on its balance sheet, suggesting solid liquidity position. For detailed insights and 12 additional ProTips about Amkor’s financial outlook, investors can access the comprehensive Pro Research Report available 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, revenue for the quarter was $1.63 billion, slightly missing the consensus estimate of $1.66 billion and marking a 7% year-over-year decline. The company’s guidance for the first quarter of 2025 was notably weaker than expected, projecting earnings per share between $0.01 and $0.17, below the consensus of $0.31, and revenue between $1.225 billion and $1.325 billion, also lower than the anticipated $1.464 billion.
Amkor’s full-year 2024 net sales were $6.32 billion, down from $6.50 billion in 2023, with net income slightly decreasing to $354 million. KeyBanc Capital Markets revised its price target for Amkor to $27.00 from $34.00, while maintaining an Overweight rating, citing a cautious outlook and potential temporary setbacks. UBS also adjusted its price target to $27.65 from $32.50, maintaining a Neutral rating and expressing concerns about Amkor’s sales guidance and capital expenditure growth.
DA Davidson, however, maintained its Buy rating and a $36.00 price target, expressing optimism about Amkor’s potential recovery and future growth prospects. The firm anticipates that Amkor will regain a lost iPhone socket by the second half of 2025, which could contribute to growth. Despite these challenges, Amkor highlighted several positive developments, including the ramp-up of its Vietnam facility and securing CHIPS funding to bolster U.S. manufacturing.
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