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Why Amkor Technology (AMKR) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Amkor Technology (AMKR)

Amkor Technology, Inc. is headquartered in Tempe, AZ. The company is one of the largest providers of semiconductor packaging and test services. It packages and tests integrated circuits (ICs) for chip manufacturers, fabless semiconductor companies and contract foundries. The company’s product portfolio is composed of Advanced Products and Mainstream Products.

AMKR is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of A. Shares are down 2.5% over the past one week and up 20.2% over the past four weeks. AMKR has gained 33.1% in the last one-year period as well. Looking at trading volume, an average of 1,388,724.75 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for AMKR, while the Zacks Consensus Estimate has increased $0.15 to $1.78 per share. AMKR also boasts an average earnings surprise of 44.3%.

Investors should take the time to consider AMKR for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Amkor Technology, Inc. (AMKR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research