KeyBanc Capital Markets has recently initiated Amkor Technology, Inc. (AMKR) stock to Overweight rating, as announced on September 20, 2024, according to Finviz. Earlier, on July 1, 2024, JP Morgan had initiated the stock to Overweight, setting a price target of $48. Needham also initiated Buy rating with a price target of $40. Additionally, Fox Advisors initiated Equal Weight rating on March 14, 2024. Goldman analysts, in their report published on February 29, 2024, also initiated Neutral rating and set a price target of $32 for Amkor Technology, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Amkor Technology, Inc. (AMKR) Stock Trading Recap
On Tuesday, Amkor Technology, Inc. (AMKR) stock saw a decline, ending the day at $29.12 which represents a decrease of $-1.48 or -4.84% from the prior close of $30.6. The stock opened at $30.52 and touched a low of $29.05 during the day, reaching a high of $30.6. The volume of shares traded was 1.21 million falling short of the average volume of 1.65 million.
AMKR Stock Performance and Moving Averages
In recent trading, Amkor Technology, Inc. (AMKR) stock price has shown some volatility, fluctuating -4.21% over the last five trades and -11.49% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -6.00%, and it has plunged by -27.60% in the previous three months. Currently, AMKR is trading at -3.72%, -8.92%, and -11.77% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, AMKR, a Technology sector stock, is trading -35.09% below its 52-week high but remains 65.63% above its 52-week low. The Average True Range (ATR) (14 days) of 1.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Amkor Technology, Inc.’s Profitability and Valuation Ratios
Amkor Technology, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 7.50% and a profit margin of 5.87%, with a gross margin of -6.00%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Amkor Technology, Inc.’s market capitalization stands at $7.17 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 19.16, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.34. Additionally, the Price-to-Sales Ratio is 1.12, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.77, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 60.20% of Amkor Technology, Inc. (AMKR)’s shares, while financial institutions hold 43.22%.
Notable insider trades include Rutten Guillaume Marie Jean, President and CEO at Amkor Technology, Inc. (AMKR), who sold 18125 shares on Sep 16 ’24, at $30 each, totaling $0.54 million. On Aug 27 ’24, CHURCHILL WINSTON J, Director, sold 20000 shares for $32.97 each, amounting to $0.66 million. Additionally, on Aug 15 ’24, Rutten Guillaume Marie Jean sold 25000 shares at $32.56 each, generating $0.81 million.
