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The latest announcement is out from Amkor ( (AMKR) ).
On May 5, 2026, Amkor Technology, Inc. issued $1.15 billion of 0.00% Convertible Senior Notes due July 15, 2031, fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries that also guarantee its 5.875% senior notes due 2033. The zero-coupon notes, sold via a private Rule 144A placement with an initial conversion price of about $106.37 per share and subject to customary conversion, redemption, and fundamental change provisions, position Amkor to raise substantial capital without immediate equity dilution while retaining flexibility to settle conversions in cash and/or stock.
The company also entered into capped call transactions on April 30 and May 1, 2026 covering the shares underlying the notes, with an initial cap price of $139.50 per share and a cost of about $56.4 million. These derivative hedges are designed to mitigate potential dilution and reduce Amkor’s exposure to cash payments above principal upon conversion, although dilution could still occur if the stock price exceeds the capped call level, affecting future returns for equity holders and note investors.
The most recent analyst rating on (AMKR) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Amkor stock, see the AMKR Stock Forecast page.
Spark’s Take on AMKR Stock
According to Spark, TipRanks’ AI Analyst, AMKR is a Neutral.
The score is driven primarily by mid-range financial fundamentals: recovering revenue and a solid balance sheet, but still-compressed margins and weak free-cash-flow conversion. The latest earnings call was a notable positive on near-term growth and margin guidance, while technicals are a headwind due to an overbought setup. Valuation is also a mild negative given the ~26x P/E and minimal dividend yield.
To see Spark’s full report on AMKR stock, click here.
More about Amkor
Amkor Technology, Inc. is a provider of semiconductor packaging and test services, operating as an outsourced assembly and test (OSAT) company for chipmakers and electronics manufacturers. The company focuses on advanced packaging solutions that support global semiconductor supply chains and serve customers across computing, communications, automotive and consumer electronics markets.
Average Trading Volume: 4,591,983
Technical Sentiment Signal: Buy
Current Market Cap: $17.59B
For detailed information about AMKR stock, go to TipRanks’ Stock Analysis page.