Stock of the Day

August 31, 2022

Amkor Technology (AMKR)

$47.30
-$0.58 (-1.2%)
Market Cap: $11.90B

About Amkor Technology

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage. The company also provides wafer-level CSP packages for power management, transceivers, sensors, wireless charging, codecs, radar, and specialty silicon; wafer-level fan-out packages used in power management, transceivers, radar, and specialty silicon; silicon wafer integrated fan-out technology that replaces a laminate substrate with a thinner structure; leadframe packages for electronic devices and mixed-signal applications; and substrate-based wirebond packages used to connect a die to a substrate. In addition, it offers micro-electro-mechanical systems packages that are miniaturized mechanical and electromechanical devices; and advanced system-in-package modules used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid-state drives. Further, the company provides wafer, package, and system level test services, as well as burn-in test and test development services. It serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers, and contract foundries. The company was founded in 1968 and is headquartered in Tempe, Arizona.

Today's Trend

Amkor Technology, Inc. (NASDAQ: AMKR) shares increased as investors responded to a new bullish analyst view emphasizing the company’s exposure to artificial-intelligence and high-performance-computing chip packaging.

  • Bank of America initiated coverage with a Buy rating and a $70 price target, implying substantial upside from the referenced price. The firm highlighted Amkor’s potential to benefit from rising demand for advanced semiconductor packaging. Benzinga coverage report
  • The new coverage revived optimism around Amkor’s AI packaging opportunity, supported by its strategic partnerships with NVIDIA and TSMC to expand advanced packaging and testing capacity in the United States. Amkor Technology rallies as new coverage revives AI packaging thesis
  • Amkor’s recent quarterly results showed record revenue of $1.90 billion, 25.6% year-over-year growth, and earnings well above expectations. Management also provided third-quarter EPS guidance of $0.72 to $0.82, reinforcing the growth narrative.
  • Analyst targets remain broadly above the market price, with recent targets ranging from $65 to $90 and a reported median of $79.50. However, target prices are expectations rather than guarantees. Wall Street analyst price targets
  • Institutional positioning was mixed: 384 investors added shares in the latest reporting period, while 276 reduced holdings, including sizable sales by several funds.
  • Insider-trading data showed 19 open-market sales and no purchases over the past six months, including sales by executives. This may raise concerns about insider conviction, although transactions can reflect personal financial planning.
  • A comparative analysis argued that TTM Technologies offers stronger AI-driven growth and earnings prospects, potentially making it more attractive than Amkor despite TTM’s higher valuation. TTM Technologies versus Amkor comparison
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