Let’s look at the key reasons that are pushing AMKOR Technology Inc. (AMKR) to new highs

AMKOR Technology Inc. (NASDAQ: AMKR) on Monday, soared 4.85% from the previous trading day, before settling in for the closing price of $29.09. Within the past 52 weeks, AMKR’s price has moved between $17.58 and $44.86.

During the last 5-year period, the sales growth of Technology Sector giant was 9.46%. The company achieved an average annual earnings per share of 7.43%. With a float of $98.07 million, this company’s outstanding shares have now reached $245.89 million.

Let’s determine the extent of company efficiency that accounts for 28700 employees. In terms of profitability, gross margin is 15.25%, operating margin of 7.5%, and the pretax margin is 7.3%.

AMKOR Technology Inc. (AMKR) Breakdown of a Key Holders of the stock

Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of AMKOR Technology Inc. is 60.20%, while institutional ownership is 43.23%. The most recent insider transaction that took place on Sep 16 ’24, was worth 543,750. In this transaction President and CEO of this company sold 18,125 shares at a rate of $30.00, taking the stock ownership to the 214,971 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Officer proposed sale 18,125 for $30.00, making the entire transaction worth $543,750.

AMKOR Technology Inc. (AMKR) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 7.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.85% during the next five years compared to 22.39% growth over the previous five years of trading.

AMKOR Technology Inc. (NASDAQ: AMKR) Trading Performance Indicators

AMKOR Technology Inc. (AMKR) is currently performing well based on its current performance indicators. A quick ratio of 1.83 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.17. Likewise, its price to free cash flow for the trailing twelve months is 14.89.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.52, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 2.36 in one year’s time.

Technical Analysis of AMKOR Technology Inc. (AMKR)

Looking closely at AMKOR Technology Inc. (NASDAQ: AMKR), its last 5-days average volume was 1.37 million, which is a jump from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 21.50%. Additionally, its Average True Range was 1.28.

During the past 100 days, AMKOR Technology Inc.’s (AMKR) raw stochastic average was set at 21.37%, which indicates a significant decrease from 43.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.57% in the past 14 days, which was lower than the 59.69% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $31.15, while its 200-day Moving Average is $32.94. However, in the short run, AMKOR Technology Inc.’s stock first resistance to watch stands at $31.04. Second resistance stands at $31.57. The third major resistance level sits at $32.07. If the price goes on to break the first support level at $30.01, it is likely to go to the next support level at $29.51. Now, if the price goes above the second support level, the third support stands at $28.98.

AMKOR Technology Inc. (NASDAQ: AMKR) Key Stats

Market capitalization of the company is 7.51 billion based on 245,800K outstanding shares. Right now, sales total 6,503 M and income totals 359,810 K. The company made 1,461 M in profit during its latest quarter, and 66,900 K in sales during its previous quarter.