Amkor Technology Is Still Worth Backing

Mar. 29, 2022 2:00 PM ETAmkor Technology, Inc. (AMKR)6 Comments
MarketGyrations profile picture


  • AMKR is on a record-setting pace with revenue, operating income, and EPS, all reaching record highs, and the outlook suggests new ones are on the way in 2022.
  • The stock has struggled for a whole year, and the chart patterns suggest the stock is likely heading lower in the immediate future.
  • Multiples for AMKR are lower than most in the sector, and they will go even lower if the stock goes down and earnings go up.
  • Betting on AMKR is not without risk, and it may take some time, but it’s a bet worth taking with the way the cards are laid out.

Open box with new memory modules

Sergus/iStock via Getty Images

Amkor Technology (NASDAQ:AMKR) is without question in the doldrums. The stock has done poorly for the last twelve months. Furthermore, there is reason to believe the stock is likely heading lower in the short term. So it's understandable if

AMKR chart


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MarketGyrations profile picture
Welcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.

Disclosure: I/we have a beneficial long position in the shares of AMKR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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