The stock of Amkor Technology Inc. (NASDAQ:AMKR) decreased by -$0.07 on Friday to finish at $26.39, down -0.26 percent. The last five days have seen an average of 657,360 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $2.41. The average number of shares traded over the last 20 days was 776,965, while the average volume over the last 50 days totaled 922,550.
AMKR stock dropped -9.19% since last month. On 08/18/23, the company’s shares reached a one-month low of $24.54. The stock touched a high of $31.38 on 02/02/23, after rallying from a low of $16.13 in 52 weeks. The price of AMKR stock has risen by 10.05% or $2.41 this year, reaching a new high 8 times. Still, the stock price is down -15.90% 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 10 days ago on Aug 18. On Aug 18, CFO Faust Megan sold 2,700 shares at $24.79 each. This transaction resulted in the insider making $66,933. On Jul 21, Faust Megan sold 2,700 shares at a price of US$28.41. After the transaction, the insider now owns 35,394 shares. CFO Faust Megan had earlier sold 2,700 shares on Jun 16 for $26.38 a share. The transaction was completed for $71,226.
Valuation Metrics
Amkor Technology Inc. (AMKR) has a trailing price-to-earnings (P/E) ratio of 11.22. Beta for the stock is 1.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 1.74, and the price-to-cash flow ratio of 31.15.
Company paid $0.0750 per share in dividends, remained unchanged from $0.0750 last year. A $0.0250 dividend increase was reported on Tuesday November 15 2022.
Financial Health
For the three months ended June 29, Amkor Technology Inc.’s quick ratio was 1.60, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.26, and the total debt to equity ratio is 0.32. As far as profitability goes, gross margin for the trailing twelve months is 16.40% percent. Amkor Technology Inc.’s EBITDA margin for the year ended June 29 was 21.29%, whereas its operating margin stood at 10.00% for the same period. Based on annual data, it had gross profit of $1.33 billion and revenue of $7.09 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMKR’s return on assets (ROA) during the last 12 months has been 8.70%. There was a 16.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.90%.
Earnings Surprise
According to Amkor Technology Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.46 billion, while revenues fell by -3.22% to $1.47 billion. It was predicted that Amkor Technology Inc.’s quarterly earnings would be $0.26, but it ended up being $0.21, beating the consensus by 23.80%. EBITDA was $234.21 million for the quarter. At the end of Amkor Technology Inc.’s most recent quarter ended June 29, its liabilities totaled 2.88 billion, while its total debt was $1.32 billion. Equity owned by shareholders amounts to $245.73 million.
Technical Picture
Here’s a quick look at Amkor Technology Inc.’s (AMKR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 47.36%, suggesting the stock is Neutral, with a 27.89% historical volatility rate.
The stochastic %K and %D were 48.35% and 40.14% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 51.68%, the RSI (14) reading is 45.44%. On the 9-day MACD Oscillator, the stock is at 0.71, and the 14-day reading is at 0.34.
Analyst Ratings
In its analyst report released on June 30, 2022, DA Davidson began covering Amkor Technology Inc. (NASDAQ: AMKR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Amkor Technology Inc. (AMKR) an Overweight rating. AMKR is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is AMKR’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $36.00, with a median target price of $30.00. In analyzing these forecasts, the average price target given by analysts for Amkor Technology Inc. (AMKR) is $32.00.
