Amkor Technology: The Pros Outweigh The Cons

Jun. 24, 2022 6:35 AM ETAmkor Technology, Inc. (AMKR)
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MarketGyrations
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Summary

  • The charts have been leaning bearish for quite some time and they appear to have made a turn for the worse in recent days.
  • Earnings are expected to take a dip after a record-setting quarter, but there is reason to believe a rebound is not that far away.
  • Multiples for AMKR are arguably already too low and they will only get lower the more the stock keeps declining.
  • The stock is likely heading lower in the short term, but valuations in combination with a likely second half rebound makes long AMKR worth it.

Silicon Wafers in plastic holder box

kynny/iStock via Getty Images

Amkor Technology (NASDAQ:AMKR) continues to post good quarterly numbers and it still trades at some of the lowest multiples for a tech stock, but June has been a month to forget. AMKR was already in a hole, yet

AMKR chart

Source: finviz.com

This article was written by

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2.67K Followers
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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