Alert: New Earnings Report (7/27/20)-Amkor Technology Inc (NASDAQ: AMKR).

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Amkor Technology Inc (NASDAQ: AMKR) has reported earnings for its second fiscal quarter (ending June 30) of $0.23 versus a loss $-0.04 for the same period a year ago. This performance was $0.25 better than the consensus estimate of $-0.02. For the latest four quarters through June 30, E.P.S. were $1.14 versus $0.22 for the same period a year ago — an increase of 418%.

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Recent Price Action

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Amkor Technology Inc (NASDAQ: AMKR) stock closed at $13.64 on 7/27/20 after a major increase of 13.0%. Moreover, exceptionally high trading volume at 279% of normal accompanied the advance. The stock has risen 12.2% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AMKR is expected to continue to be a Value Builder.

Amkor Technology has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Amkor Technology has a slightly positive Appreciation Score of 66 and a slightly positive Power Rating of 69, and the Highest Value Trend Rating results.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 80827 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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