AMKR Stock Summary and Trading Ideas (Amkor Technology | NASDAQ:AMKR)

Amkor Technology Inc is a provider of outsourced semiconductor packaging and test services to integrated device manufacturers, fabless semiconductor companies, and contract foundries. The firm's products are organized into two streams: advanced products, including flip chip, wafer-level processing and testing services; and mainstream products, including wirebond packaging and testing. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Ireland, Japan, Malaysia, Taiwan, Singapore, and countries across the world.

Amkor Technology trades on the NASDAQ stock market under the symbol AMKR.

As of September 25, 2023, AMKR stock price was flat at $22.39 with 662,942 million shares trading.

AMKR has a beta of 1.93, meaning it tends to be more sensitive to market movements. AMKR has a correlation of 0.40 to the broad based SPY ETF.

AMKR has a market cap of $5.50 billion. This is considered a Mid Cap stock.

Last quarter Amkor Technology reported $1 billion in Revenue and $.26 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.05.

In the last 3 years, AMKR stock traded as high as $31.38 and as low as $10.71.

The top ETF exchange traded funds that AMKR belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

AMKR has outperformed the market in the last year with a price return of +28.7% while the SPY ETF gained +17.2%. However, in the short term, AMKR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -14.6% vs -0.6% return in SPY. But in the last 2 weeks, AMKR shares have fared better than the market returning -1.8% compared to SPY -2.6%.

AMKR support price is $21.83 and resistance is $22.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMKR stock will trade within this expected range on the day.