While AMKOR Technology Inc. has underperformed by -2.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMKR rose by 18.78%, with highs and lows ranging from $37.00 to $17.58, whereas the simple moving average jumped by 9.16% in the last 200 days.
On March 14, 2024, Fox Advisors started tracking AMKOR Technology Inc. (NASDAQ: AMKR) recommending Equal Weight. A report published by Goldman on February 29, 2024, Initiated its previous ‘Neutral’ rating for AMKR. UBS also rated AMKR shares as ‘Buy’, setting a target price of $31 on the company’s shares in an initiating report dated November 16, 2023. B. Riley Securities Initiated an Buy rating on November 16, 2023, and assigned a price target of $35. Morgan Stanley initiated its ‘Equal-Weight’ rating for AMKR, as published in its report on November 09, 2023. DA Davidson’s report from June 30, 2022 suggests a price prediction of $30 for AMKR shares, giving the stock a ‘Buy’ rating. Sidoti also rated the stock as ‘Buy’.
Analysis of AMKOR Technology Inc. (AMKR)
Investors in AMKOR Technology Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.31 per share. Further, the quarter-over-quarter decrease in sales is -8.10%, showing a negative trend in the upcoming months.
One of the most important indicators of AMKOR Technology Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.43% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.02, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AMKR is recording 911.39K average volume. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 3.39%, with a loss of -6.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.81, showing growth from the present price of $30.68, which can serve as yet another indication of whether AMKR is worth investing in or should be passed over.
How Do You Analyze AMKOR Technology Inc. Shares?
The Semiconductor Equipment & Materials market is dominated by AMKOR Technology Inc. (AMKR) based in the USA. When comparing AMKOR Technology Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.07, there is a growth in quarterly earnings of -28.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 53.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMKR shares are owned by institutional investors to the tune of 43.36% at present.
