Value gained By Amkor Technology Inc. (AMKR) In The Past Week: $24.70

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Amkor Technology Inc. (NASDAQ:AMKR) finished Friday with a subtraction of -$0.03 to close at $23.98, a downside of -0.12 percent. An average of 510,640 shares of common stock have been traded in the last five days. There was a fall of -$0.57 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 747,530 shares traded, while the 50-day average volume stands at 946,408.

AMKR stock has decreased by -14.42% in the last month. The company shares reached their 1-month lowest point of $23.41 on 12/30/22. With the stock rallying to its 52-week high on 11/18/22, shares of the company touched a low of $14.89 and a high of $29.10 in 52 weeks. It has reached a new high 6 times so far this year and lost -3.27% or -$0.81 in price. In spite of this, the price is down -17.59% from the 52-week high.

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Insider Transactions

AMKR stock investors should be aware that Amkor Technology Inc. (AMKR) stock had its last reported insider trading activity 16 days ago on Dec 15. In this transaction, the insider spent $154,620. President and CEO, Rutten Guillaume Marie Jean, disposed of 30,000 shares at a price of $25.68 on Dec 15. The insider now owns more than $770,400 worth of shares. Prior to that, Director CHURCHILL WINSTON J went on to Sale 20,000 shares at $26.00 each on Dec 07. An amount of $520,000 was transacted.

Valuation Metrics

Amkor Technology Inc. (AMKR) has a trailing price-to-earnings (P/E) ratio of 7.21. The stock’s beta is 1.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.85, the price-to-book (PB) ratio at 1.68, and the price-to-cash flow ratio at 48.01.

The company has a payout ratio of 6.00%. The company’s most recent quarterly dividend payment was $0.0750 a share, representing a up of 50.0% from $0.05 last year. Its latest increase dividend $0.0250 reported on Tuesday November 15 2022.

Financial Health

The quick ratio of Amkor Technology Inc. for the three months ended September 29 was 1.40, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.34 for the quarter ending September 29. Its gross profit as reported stood at $1.23 billion compared to revenue of $6.14 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amkor Technology Inc.’s return on assets was 12.90%.

Earnings Surprise

For the three-month period that ended September 29, Amkor Technology Inc. had $308.06 million in cash and short-term investments compared to $1.0 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $306.08 million in the quarter, while revenues of $124.78 million were grew 40.91%. The analyst consensus anticipated Amkor Technology Inc.’s latest quarter earnings to come in at $0.93 per share, but it turned out to be $1.24, a 33.30% surprise. For the quarter, EBITDA amounted to $475.62 million. Shareholders own equity worth $244.97 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amkor Technology Inc. (AMKR) price momentum. RSI 9-day as of the close on 30 December was 36.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.00%.

As of today, AMKR’s price is $24.09 -2.32% or -$0.57 from its 5-day moving average. AMKR is currently trading -13.99% lower than its 20-day SMA and +15.40% higher than its 100-day SMA. However, the stock’s current price level is +30.54% above the SMA50 and +6.29% above the SMA200.

The stochastic %K and %D were 9.48% and 10.12%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 13.81% and the average true range at 0.90, the RSI (14) stands at 41.69%. The stock has reached -0.48 on the 9-day MACD Oscillator while the 14-day reading was at -1.10.

Analyst Ratings

DA Davidson launched coverage on Amkor Technology Inc. (NASDAQ: AMKR) in its analyst report released on June 30, 2022. The firm assigned the stock a Buy rating. The consensus rating for Amkor Technology Inc. (AMKR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMKR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.

What is AMKR’s price target for the next 12 months?

Analysts predict a range of price targets between $23.00 and $30.00, with a median target of $23.50. Taking a look at these predictions, the average price target given by analysts for Amkor Technology Inc. (AMKR) stock is $25.50.

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