On Monday, Amkor Technology, Inc. (NASDAQ:AMKR) reported fourth-quarter earnings of 69 cents per share, which beat the consensus estimate of 44 cents, and revenue of $1.89 billion beat the Street estimate of $1.84 billion.
Amkor expects first quarter GAAP EPS of 18 cents to 28 cents, versus the 21 cents analyst estimate, and revenue in a range of $1.6 billion to $1.7 billion, versus the $1.53 billion estimate.
Needham analyst Charles Shi maintained a Buy rating and raised the price forecast from $50 to $65.
Analyst View
The analyst writes that Amkor delivered a beat-and-raise quarter, with most reported metrics exceeding consensus.
Shi notes that the company guided FY26 CapEx, which is a record level and well above Street expectations, underscoring management’s confidence in long-term advanced packaging growth.
The analyst says that following the call, he modestly increased the FY26 and FY27 estimates.
Shi now expects Amkor revenue to rise 11% in FY26 and 16% in FY27, reflecting a durable acceleration supported by cyclical recovery and the 2.5D/HDFO ramp, initially in Korea and later in Arizona.
Benzinga Technical Analysis
Amkor is currently trading above its key moving averages, which suggests a bullish trend overall. The stock is positioned well, sitting 5.1% above its 20-day SMA, 13.9% above its 50-day SMA, and a striking 73.6% above its 200-day SMA, indicating strong momentum.
The RSI is currently at 61.22, which is considered neutral but leans towards bullish territory. This level suggests that while the stock is not overbought, there is still room for upward movement before hitting overbought conditions.
Over the past 12 months, Amkor Technology stock has surged by 113.34%, reflecting strong investor interest and positive sentiment. This impressive performance highlights the stock’s resilience and potential for continued growth.
Currently, Amkor Technology’s stock is trading at 92.2% of its 52-week range, nearing its recent highs. This positioning suggests that the stock is in a strong uptrend, but traders should be cautious of potential resistance at the upper end of this range.
AMKR Price Action: Amkor Tech shares were up 0.71% at $54.25 at the time of publication on Tuesday. The stock is trading near its 52-week high of $55.17, according to Benzinga Pro data.
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