Amkor Technology Inc is a OSAT (outsourced semiconductor assembly and test) service provider... Show more
Amkor Technology is one of the world's largest providers of outsourced semiconductor assembly and test (OSAT) services. The company packages and tests integrated circuits for a broad base of customers, ranging from fabless chip designers and integrated device manufacturers to foundries and original equipment manufacturers. Its capabilities span advanced packaging technologies—including flip chip, 2.5D integration, high-density fan-out (HDFO), wafer-level processing, and memory packaging—as well as mainstream wirebond assembly and test services.
Amkor occupies a strategically important position in the semiconductor supply chain, particularly as advanced packaging becomes a critical enabler of AI and high-performance computing. Investors follow the stock closely because of its exposure to AI data-center demand, its partnerships with industry leaders such as TSMC and NVIDIA, and its large-scale U.S. expansion plans centered on a multi-billion-dollar advanced packaging facility in Arizona.
Over the last 30 days, Amkor shares have declined approximately 27.6%, falling from a closing price of $54.59 on September 22, 2026, to a most recent trading level near $39.53. The move has been characterized by a sharp leg lower in early-to-mid October, punctuated by several consecutive down sessions and a break below key short- and medium-term moving averages.
The decline is part of a broader, longer-running downtrend. Over the trailing three-month period, the stock has lost roughly 39%, sliding from the mid-$60s level in late July. After a brief recovery into late September and early October—when shares briefly traded back above $56—selling pressure reasserted itself, and the stock has since fallen to new multi-month lows.
Several factors have weighed on Amkor shares during the most recent 30-day period. Broader market conditions played a role, as semiconductor stocks faced headwinds from rising inflation concerns and renewed worries about near-term revenue outlooks across the sector. This sector-wide rotation amplified downward pressure on a stock that was already in a corrective phase.
Positioning ahead of Amkor's upcoming quarterly results also contributed to volatility. Options activity showed a sharp increase in put buying, with a put/call ratio of roughly 2.38 reported in early October ahead of the company's third-quarter earnings release, signaling elevated hedging and cautious sentiment among traders.
Analyst activity added to the cautious tone. B. Riley lowered its price target on Amkor to $46 from $65 while maintaining a Neutral rating, citing an expected in-line third-quarter result but flagging potential risk in the communications segment. Insider selling also drew attention, with a board member selling a block of shares in early October under a pre-arranged 10b5-1 trading plan. Taken together, these signals reinforced a more defensive outlook in the near term.
The quarterly decline traces back to Amkor's second-quarter earnings report, released in late July 2026. The company delivered record revenue of $1.90 billion, up roughly 26% year over year, and adjusted earnings per share of $0.70, well above consensus estimates. Despite the top- and bottom-line beats, shares sold off sharply because third-quarter revenue guidance came in below analyst expectations.
Management attributed the softer near-term outlook to the migration of SiP production from Korea to Vietnam, a transition expected to create timing headwinds into early 2027, as well as memory supply constraints and weaker communications demand. These execution-related challenges overshadowed an otherwise strong story built on advanced packaging momentum, improving factory utilization, and expanding gross margins.
Over the quarter, the market has grappled with a tension between Amkor's compelling long-term AI opportunity—underscored by a 10-year advanced packaging agreement with TSMC and a multi-year collaboration with NVIDIA—and persistent near-term transition costs and end-market softness. That tension has kept the stock under pressure even as the company's fundamentals have continued to improve on a year-over-year basis.
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The most important near-term catalyst for Amkor is its third-quarter earnings report and fourth-quarter guidance, expected in late October 2026. Investors will focus on the pace of the computing segment's ramp, the trajectory of gross margins, and any updated commentary on the SiP transition to Vietnam and memory supply constraints.
Beyond earnings, key factors to monitor include progress on the Arizona facility construction timeline, the ramp of high-density fan-out and 2.5D programs for AI data-center customers, and the evolution of Amkor's partnerships with TSMC and NVIDIA. Macroeconomic conditions, semiconductor demand trends, and any shifts in analyst ratings or price targets will also influence sentiment. As with any equity, these factors carry both upside and downside risks, and outcomes are not guaranteed.
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AMKR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 37 cases where AMKR's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 84%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AMKR's RSI Indicator exited the oversold zone, 22 of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 48 of 63 cases where AMKR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
The Moving Average Convergence Divergence (MACD) for AMKR just turned positive on November 11, 2026. Looking at past instances where AMKR's MACD turned positive, the stock continued to rise in 40 of 49 cases over the following month. The odds of a continued upward trend are 82%.
Following a +14.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMKR advanced for three days, in 237 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
AMKR moved below its 50-day moving average on October 08, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AMKR crossed bearishly below the 50-day moving average on October 14, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 57%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMKR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for AMKR entered a downward trend on November 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of 47 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.753) is normal, around the industry mean (5.670). P/E Ratio (14.652) is within average values for comparable stocks, (68.795). Projected Growth (PEG Ratio) (0.180) is also within normal values, averaging (0.801). Dividend Yield (0.010) settles around the average of (0.009) among similar stocks. P/S Ratio (1.548) is also within normal values, averaging (27.897).
The Tickeron SMR rating for this company is 62 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating fairly steady price growth. AMKR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 80 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AMKR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of outsourced semiconductor packaging and test services
Industry ElectronicProductionEquipment