On Oct 30, major Wall Street analysts update their ratings for $Amkor Technology (AMKR.US)$, with price targets ranging from $34 to $42.
J.P. Morgan analyst Peter Peng maintains with a buy rating, and adjusts the target price from $48 to $42.
Needham analyst Charles Shi maintains with a buy rating, and adjusts the target price from $45 to $34.
KeyBanc analyst Steve Barger maintains with a buy rating, and adjusts the target price from $38 to $34.
D.A. Davidson analyst Thomas Diffely maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Amkor Technology (AMKR.US)$'s main analysts recently are as follows:
Initially adopting a cautious stance, it became evident that Amkor Technology's guidance for the December quarter fell short of both the analyst's and broader market projections. This shortfall was attributed to factors such as seasonality, accounting for the majority, and device transition, cited as a partial cause. Concerns were raised about a potential reduction in market share with one of its key clients. Subsequent to these revelations, projections were significantly lowered.
Amkor Technology reported marginally improved results for the September quarter, driven by an uptick in seasonal smartphone demand and sustained momentum in artificial intelligence packaging. However, this was set against a backdrop of subdued demand in the automotive and industrial sectors. Expectations for the forward estimates have been moderated, with a more favorable outlook anticipated for 2025.
Amkor Technology's third-quarter results were strong, yet the forecast for the fourth quarter was significantly reduced, suggesting an estimated 11% quarter-over-quarter decrease in overall revenue and a 23% quarter-over-quarter reduction in Communications revenue. This decline is considerably steeper than the single-digit drops typically observed in the fourth quarter. The primary cause of the weaker outlook for Amkor is believed to be a decrease in demand for high-end smartphones and an under-allocation of orders for 2024 models. Nevertheless, it is anticipated that the strength in Computing revenue will persist into the fourth quarter.
Amkor Technology reported a modest underperformance in Q3 earnings but provided guidance for Q4 that was significantly lower than expected, leading to a notable decline in share price after hours. This subdued outlook is mainly attributed to reduced activity in the Communications end market, with Amkor pointing out an atypical smartphone production schedule.
Here are the latest investment ratings and price targets for $Amkor Technology (AMKR.US)$ from 4 analysts:
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美东时间10月30日，多家华尔街大行更新了$艾马克技术 (AMKR.US)$的评级，目标价介于34美元至42美元。
摩根大通分析师Peter Peng维持买入评级，并将目标价从48美元下调至42美元。
Needham分析师Charles Shi维持买入评级，并将目标价从45美元下调至34美元。
KeyBanc分析师Steve Barger维持买入评级，并将目标价从38美元下调至34美元。
戴维森信托分析师Thomas Diffely维持买入评级。
此外，综合报道，$艾马克技术 (AMKR.US)$近期主要分析师观点如下：
最初采取谨慎态度，显而易见，艾马克技术对12月季度的指引低于分析师和更广泛市场的预期。这种不足归因于季节性因素，占据了大部分份额，设备转换被引用为部分原因。有人担忧其关键客户之一的市场份额可能会减少。在这些揭示之后，预测明显下调。
艾马克技术报告称，受季节性智能手机需求增加和人工智能封装持续势头提振，9月季度结果略有改善。然而，这是在汽车和工业部门需求疲软的背景下完成的。前瞻性估计已被调整，2025年预计会有更为乐观的展望。
艾马克技术第三季度业绩强劲，但第四季度的预测大幅下调，暗示整体营业收入预计季度环比下降11%，通信-半导体的预计季度环比下降23%。这一下降幅度比通常在第四季度观察到的个位数下降要大得多。艾马克未来展望较弱的主要原因被认为是高端智能手机需求下降和对2024年机型订单的分配不足。然而，预计计算营收的强劲将持续到第四季度。
艾马克技术在第三季度报告中出现了适度的业绩不佳，但对第四季度的指引远低于预期，导致盘后股价显著下跌。这种低迷的展望主要归因于通信终端市场活动减少，艾马克指出智能手机生产计划不太一样。
以下为今日4位分析师对$艾马克技术 (AMKR.US)$的最新投资评级及目标价：
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