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 November 7, 2024, AMKR stock price climbed to $27.75 with 1,150,828 million shares trading.

AMKR has a beta of 2.98, meaning it tends to be more sensitive to market movements. AMKR has a correlation of 0.47 to the broad based SPY ETF.

AMKR has a market cap of $6.84 billion. This is considered a Mid Cap stock.

Last quarter Amkor Technology reported $2 billion in Revenue and $.49 earnings per share. This beat revenue expectation by $22 million and missed earnings estimates by -$.01.

In the last 3 years, AMKR 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, COWZ, IJH, VB, VGT.

AMKR has underperformed the market in the last year with a price return of +19.2% while the SPY ETF gained +38.3%. AMKR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.7% and -5.9%, respectively, while the SPY returned +14.4% and +3.0%, respectively.

AMKR support price is $26.64 and resistance is $28.10 (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 shares will trade within this expected range on the day.