AMKOR Technology Inc. (NASDAQ: AMKR) is -5.44% lower on its value in year-to-date trading and has touched a low of $17.58 and a high of $37.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMKR stock was last observed hovering at around $33.08 in the last trading session, with the day’s loss setting it -1.62%.
Currently trading at $31.46, the stock is -1.88% and -0.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -4.90% at the moment leaves the stock 13.53% off its SMA200. AMKR registered 24.59% gain for a year compared to 6-month gain of 38.53%. The firm has a 50-day simple moving average (SMA 50) of $1.15 and a 200-day simple moving average (SMA200) of $6.61.
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The stock witnessed a 5.18% loss in the last 1 month and extending the period to 3 months gives it a 2.21%, and is -12.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.36% over the week and 3.28% over the month.
AMKOR Technology Inc. (AMKR) has around 28700 employees, a market worth around $7.74B and $6.50B in sales. Current P/E ratio is 21.61 and Fwd P/E is 13.59. Profit margin for the company is 5.53%. Distance from 52-week low is 78.94% and -14.97% from its 52-week high. The company has generated returns on investments over the last 12 months (7.02%).
AMKOR Technology Inc. quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $1.36B over the same period.The EPS is expected to grow by 11.59% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to shrink -7.70% in year-over-year returns.
441 institutions hold shares in AMKOR Technology Inc. (AMKR), with institutional investors hold 106.99% of the company’s shares. The shares outstanding are 245.89M, and float is at 114.65M with Short Float at 2.70%. Institutions hold 43.63% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 14.73 million shares valued at $438.1 million. The investor’s holdings represent 5.99% of the AMKR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.14 million shares valued at $420.75 million to account for 5.75% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 12.5 million shares representing 5.08% and valued at over $371.77 million, while Lsv Asset Management holds 3.05% of the shares totaling 7.49 million with a market value of $222.89 million.
AMKOR Technology Inc. (AMKR) Insider Activity
The most recent transaction is an insider sale by CHURCHILL WINSTON J, the company’s Director. SEC filings show that CHURCHILL WINSTON J sold 11,903 shares of the company’s common stock on Mar 07 ’24 at a price of $36.20 per share for a total of $0.43 million. Following the sale, the insider now owns 11300.0 shares.
AMKOR Technology Inc. disclosed in a document filed with the SEC on Mar 06 ’24 that Haghighi Farshad (Executive Vice President) sold a total of 9,911 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $33.70 per share for $0.33 million. Following the transaction, the insider now directly holds 8354.0 shares of the AMKR stock.
Still, SEC filings show that on Feb 22 ’24, Rutten Guillaume Marie Jean (President and CEO) disposed off 25,000 shares at an average price of $30.63 for $0.77 million. The insider now directly holds 123,728 shares of AMKOR Technology Inc. (AMKR).
