Amkor Technology Inc. [AMKR] Revenue clocked in at $4.86 billion, up 52.19% YTD: What’s Next?

Amkor Technology Inc. [NASDAQ: AMKR] traded at a high on 02/11/21, posting a 22.01 gain after which it closed the day’ session at $22.95. The company report on February 11, 2021 that Amkor Technology Set to Join S&P MidCap 400; HNI to Join S&P SmallCap 600.

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Amkor Technology Inc. (NASD: AMKR) will replace HNI Corp. (NYSE: HNI) in the S&P MidCap 400 and HNI Corp will replace Virtusa Corp. (NASD: VRTU) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 16. Baring Private Equity Asia is acquiring Virtusa in a deal that is expected to be completed soon pending final conditions. HNI is more representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:.

The results of the trading session contributed to over 10253534 shares changing hands. Over the past one week, the price volatility of Amkor Technology Inc. stands at 7.75% while the volatility over the past one month is 5.22%.

The market cap for AMKR stock reached $5.35 billion, with 241.68 million shares outstanding and 94.37 million shares in the current float. Compared to the average trading volume of 1.12M shares, AMKR reached a trading volume of 10253534 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Amkor Technology Inc. [AMKR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMKR shares is $15.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMKR stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Amkor Technology Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 14, 2020. The new note on the price target was released on April 28, 2020, representing the official price target for Amkor Technology Inc. stock. Previously, the target price had yet another raise to $10, while Sidoti analysts kept a Buy rating on AMKR stock. On October 29, 2019, analysts increased their price target for AMKR shares from 8.20 to 15.

The Average True Range (ATR) for Amkor Technology Inc. is set at 1.16, with the Price to Sales ratio for AMKR stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 3.96. Price to Free Cash Flow for AMKR in the course of the last twelve months was 18.12 with Quick ratio for the last quarter at 1.40.

How has AMKR stock performed recently?

Amkor Technology Inc. [AMKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.82. With this latest performance, AMKR shares gained by 30.03% in over the last four-week period, additionally plugging by 69.50% over the last 6 months – not to mention a rise of 76.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMKR stock in for the last two-week period is set at 76.24, with the RSI for the last a single of trading hit 80.68, and the three-weeks RSI is set at 73.44 for Amkor Technology Inc. [AMKR]. The present Moving Average for the last 50 days of trading for this stock 16.48, while it was recorded at 19.65 for the last single week of trading, and 13.18 for the last 200 days.

Amkor Technology Inc. [AMKR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Amkor Technology Inc. [AMKR] shares currently have an operating margin of +5.67 and a Gross Margin at +16.03. Amkor Technology Inc.’s Net Margin is presently recorded at +2.98.

Return on Total Capital for AMKR is now 6.78, given the latest momentum, and Return on Invested Capital for the company is 3.76. Return on Equity for this stock inclined to 6.37, with Return on Assets sitting at 2.63. When it comes to the capital structure of this company, Amkor Technology Inc. [AMKR] has a Total Debt to Total Equity ratio set at 81.76. Additionally, AMKR Total Debt to Total Capital is recorded at 44.98, with Total Debt to Total Assets ending up at 34.19. Long-Term Debt to Equity for the company is recorded at 71.85, with the Long-Term Debt to Total Capital now at 39.53.

Reflecting on the efficiency of the workforce at the company, Amkor Technology Inc. [AMKR] managed to generate an average of $4,077 per employee. Receivables Turnover for the company is 5.15 with a Total Asset Turnover recorded at a value of 0.88.Amkor Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.

Earnings analysis for Amkor Technology Inc. [AMKR]

With the latest financial reports released by the company, Amkor Technology Inc. posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 73.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amkor Technology Inc. go to 41.42%.

Insider trade positions for Amkor Technology Inc. [AMKR]

There are presently around $2,076 million, or 39.70% of AMKR stock, in the hands of institutional investors. The top three institutional holders of AMKR stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 16,722,945, which is approximately -3.139% of the company’s market cap and around 26.90% of the total institutional ownership; VANGUARD GROUP INC, holding 11,108,887 shares of the stock with an approximate value of $254.95 million in AMKR stocks shares; and BLACKROCK INC., currently with $165.88 million in AMKR stock with ownership of nearly 3.557% of the company’s market capitalization.

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Positions in Amkor Technology Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 100 institutional holders increased their position in Amkor Technology Inc. [NASDAQ:AMKR] by around 7,197,718 shares. Additionally, 112 investors decreased positions by around 9,555,018 shares, while 38 investors held positions by with 73,692,722 shares. The mentioned changes placed institutional holdings at 90,445,458 shares, according to the latest SEC report filing. AMKR stock had 36 new institutional investments in for a total of 1,992,950 shares, while 25 institutional investors sold positions of 1,406,228 shares during the same period.

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