(VIANEWS) – Amkor Technology (AMKR) shares plunged 15.52% at 10:26 EST Thursday morning, following on its bearish trend from yesterday. This sent NASDAQ, of which AMKR is a component, down 1.46% to EUR13,670.10. Over three consecutive sessions the index has experienced decline in value; and Thursday appears to have witnessed widespread selloff among most stocks as AMKR saw its closing price decline to EUR27.26 which was 13.13% off its 52-week high of EUR31.38
About Amkor Technology
Amkor Technology is an established provider of outsourced semiconductor packaging and test services. With offices located throughout the United States, Japan, Europe, Middle East Africa and Asia Pacific, this company provides turnkey packaging and test services including semiconductor wafer bumping/probing/grinding as well as package design/packaging for system level/final testing as well as drop shipment services. Amkor Technology provides a range of flip chip-scale package products suitable for smartphones, tablets, and other consumer electronic devices as well as flip-chip stacked chip-scale packages and ball grid array packages used in networking, storage, computing and consumer applications. Amkor Technology specializes in wafer-level CSP packages, wafer-level fan-out packages, silicon wafer integrated fan-out technology, lead frame packages and substrate-based wirebond packages, MEMS packages and advanced system-in-package modules to serve integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers and contract foundries. Established in 1968 and headquartered in Tempe, Arizona.
Yearly Analysis
Based on available data, Amkor Technology’s stock is trading at EUR23.03 which is considerably below its 52-week high of EUR31.38 but higher than its 52-week low of EUR16.13 – suggesting that its price may have been oversold but investors should still exercise caution and conduct further research before making any investment decisions.
Amkor Technology anticipates its current year sales growth to be negative 7.5%; however, their projected next-year growth is estimated at 8.9% which indicates potential for future expansion.
Amkor Technology’s EBITDA of 1.02 indicates a positive earnings trend, making the company attractive to investors. But investors should also carefully consider other aspects such as its profitability, cash flow and overall financial health before making investment decisions.
Overall, investors should conduct additional research into Amkor Technology’s fundamentals and market conditions before making any definitive investment decisions. It may be prudent to wait for positive news or developments before considering investing in this company.
Technical Analysis
Amkor Technology Inc. (AMKR) stock prices have experienced a marked decrease, falling below both its 50-day and 200-day moving averages. Furthermore, its last reported volume was significantly greater than average; suggesting increased trading activity.
Over the past week, stock volatility has been positive with an intraday variation average of 0.52% – this represents an increase from its previous week’s volatility of 0.46% and marks its highest amplitude in average volatility at that level last week.
Amkor Technology’s stock is currently considered oversold according to its stochastic oscillator reading of =20, suggesting it may be undervalued and therefore due for an upward price surge in coming days.
Overall, Amkor Technology stock’s current position suggests it may be an advantageous time for investors to purchase it given its potential increased volatility and oversold status according to stochastic oscillator analysis. Before making any decisions involving investing, investors must always conduct extensive research and analysis prior to making any definitive investments decisions.
Quarter Analysis
Amkor Technology currently shows negative sales growth of 14.2% for this quarter and negative 3.4% for next quarter – this indicates that revenue may be decreasing and should cause concern among investors.
Additionally, the current and next quarter growth estimates for this company are negative 60.5% and 13.4%, indicating that revenues may continue their downward trajectory in the immediate future.
Amkor Technology has seen year-on-year quarterly revenue growth decrease by 3.1% year over year and its current twelve trailing months revenue stands at 6.92B – suggesting its revenue has been on an incline over time.
Based on this information, investors may wish to proceed with caution when considering investing in Amkor Technology. Its negative sales growth, negative growth estimates and declining revenue may suggest the company is experiencing challenges that could impact its financial performance going forward; but before making any definitive investment decisions it is vital that one consider other factors like its financial health, industry trends and competitive landscape before making their final decision.
Equity Analysis
Amkor Technology seems like a financially stable company with a moderate dividend yield and low PE ratio, offering investors an estimated forward annual dividend yield of 1.07% – not particularly high, but still providing steady income streams.
A trailing twelve months EPS of EUR2.35 indicates profitability for this company and an implied PE ratio of 9.8 suggests the stock may be undervalued; generally speaking, anything less than 10 is considered ideal value for investors.
Return on equity of 16.6% is another sign of the company’s profitability, signaling it has generated an excellent return for shareholders who invested their equity with them.
Overall, Amkor Technology appears to be an established and profitable company with a reasonable valuation. However, before making your final decision about investing, it is wise to keep other factors such as industry trends and competition into account.
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