AMKOR Technology Inc. (AMKR) shares projected to rise by 12.11%

AMKOR Technology Inc. [AMKR] stock is trading at $27.08, up 2.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMKR shares have gain 14.02% over the last week, with a monthly amount glided 22.42%, and seem to be holding up well over a long-time horizon.

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On 15, November 2023, Amkor Technology to Present at Upcoming Conferences. In a post published today on Yahoo Finance, Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced its participation in the following upcoming investor conferences:.

From an analyst’s perspective:

AMKOR Technology Inc. [NASDAQ: AMKR] stock has seen the most recent analyst activity on November 16, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $31.

AMKOR Technology Inc. [AMKR] stock has fluctuated between $17.58 and $31.38 over the past year. Currently, Wall Street analysts expect the stock to reach $30.36 within the next 12 months. AMKOR Technology Inc. [NASDAQ: AMKR] shares were valued at $27.08 at the most recent close of the market. An investor can expect a potential return of 12.11% based on the average AMKR price forecast.

Analyzing the AMKR fundamentals

AMKOR Technology Inc. [NASDAQ:AMKR] reported sales of 1.82 billion for the most recent quarter, which represents a drop of -12.57%. In the same period, the company’s revenue per employee was $226,568, whereas its income per employee was $24,467. Gross Margin for this corporation currently stands at +18.75% with Operating Margin at +12.65%, Pretax Margin comes in at +12.08%, and Net Margin reading is +10.80%. To continue investigating profitability, this company’s Return on Assets is posted at 11.91, Equity is 23.17, Total Capital is 18.75, and Invested Capital is 17.04. An extended look at the Principal structure reveals enduring liabilities to the total capital of 29.37 and enduring liabilities to assets of 22.37.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.61 points at the first support level, and at 26.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.35, and for the 2nd resistance point, it is at 27.61.

AMKOR Technology Inc. [AMKR] reported earnings per share of $0.54 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.53/share, meaning a difference of $0.01 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.26 per share as compared to estimates of $0.21 per share, a difference of $0.05 representing a surprise of 23.80%.

Ratios To Look Out For

For context, AMKOR Technology Inc.’s Current Ratio is 1.95. Further, the Quick Ratio stands at 1.61, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.60 and the P/E (TTM) ratio is 16.45.

Transactions by insiders

Insider trading, which has resulted in 2 insider purchases of 1,961,055 shares and 6 insider sales of 33,919,410 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Faust Megan, CFO, that happened on Nov 17 when 2700.0 shares were sold. EVP & General Counsel, ROGERS MARK N completed a deal on Nov 03 to sell 5000.0 shares. Meanwhile, CFO Faust Megan sold 2700.0 shares on Oct 20.