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 categories namely advanced products that include flip chip, fine pitch bumping, wafer-level processing, advanced SiPs, power modules, and others, and Mainstream products that includes wirebond packaging and testing. The company derives maximum revenue from the advanced products category. The company derives majority of its revenue from Foreign states.

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

As of September 13, 2024, AMKR stock price climbed to $30.66 with 886,784 million shares trading.

AMKR has a beta of 2.71, meaning it tends to be more sensitive to market movements. AMKR has a correlation of 0.41 to the broad based SPY ETF.

AMKR has a market cap of $7.55 billion. This is considered a Mid Cap stock.

Last quarter Amkor Technology reported $1 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.04.

In the last 3 years, AMKR stock traded as high as $44.86 and as low as $14.89.

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

AMKR has outperformed the market in the last year with a return of +36.4%, while the SPY ETF gained +27.4%. However, in the most recent history, AMKR shares have underperformed the stock market with its stock returning -12.4% in the last 3 month period and -6.3% for the last 2 week period, while SPY has returned +3.9% and -0.3%, respectively.

AMKR support price is $28.98 and resistance is $30.66 (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.