Amkor Technology (AMKR) reachead $28.84 at the closing of the latest trading day, reflecting a +0.56% change compared to its last close.
Amkor Technology (AMKR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
AMKR, TECH and CIADY have been added to the Zacks Rank #5 (Strong Sell) List on August 30, 2024.
Recently, Zacks.com users have been paying close attention to Amkor Technology (AMKR). This makes it worthwhile to examine what the stock has in store.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks.com users have recently been watching Amkor Technology (AMKR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The tech sector has exploded over the last year as artificial intelligence begins to take hold. The performance of the tech sector has pulled the entire market higher, perhaps preventing a recession.
Amkor Technology reported strong results but provided softer-than-expected guidance for Q3'24, leading to a significant sell-off in shares. Amkor's operational performance in segments like automotive and communications may indicate broader trends in the semiconductor and end markets as the economy cools. Despite short-term headwinds, AMKR's growth potential in segments like automotive and enterprise infrastructure could lead to improved margins and shareholder value.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Amkor Technology's Q2'24 results and guidance were below expectations, leading to an 18% drop in shares. The company specializes in advanced packaging solutions, with major customers including Apple, Qualcomm, and Nvidia. Despite the recent share price decline, Amkor's strong market position and growth potential make it a compelling investment opportunity.
Amkor Technology, Inc. (NASDAQ:AMKR ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Jennifer Jue - Vice President, Investor Relations Giel Rutten - President and Chief Executive Officer Megan Faust - Executive Vice President and Chief Financial Officer Conference Call Participants Thomas Diffely - D.A. Davidson Charles Shi - Needham & Company Randy Abrams - UBS Craig Ellis - B.
Amkor Technology (AMKR) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago.