What Happened?
Shares of semiconductor packaging and testing company Amkor Technology (NASDAQ: AMKR) jumped 2.2% in the afternoon session after the company's stock hit a new 52-week high, building on momentum from strong recent financial results and a new positive analyst rating.
The move underscored the company's robust performance, which included impressive third-quarter 2025 earnings that beat expectations. Revenue reached $1.99 billion against a forecast of $1.93 billion, while earnings per share came in at $0.51, surpassing the anticipated $0.43. Amkor also announced a slight increase in its quarterly cash dividend. Adding to the positive sentiment, Aletheia Capital initiated coverage on the stock with a "Buy" rating and a $62.00 price target, citing the company's strong industry position. The company also maintained a high profile with investors, as its CEO, Giel Rutten, presented at the Nasdaq London Investor Conference.
After the initial pop the shares cooled down to $45.61, up 2% from previous close.
Is now the time to buy Amkor? Access our full analysis report here.
What Is The Market Telling Us
Amkor’s shares are very volatile and have had 24 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 7 days ago when the stock gained 5.9% on the news that the stock's positive momentum continued as reports indicated that Intel outsourced its high-end chip packaging production to the company for the first time.
This marked Intel's first-ever move to farm out its EMIB process, a type of advanced packaging for high-end chips. According to the reports, Intel set up the process at Amkor's facility in South Korea due to high demand for its packaging services, which are important for the AI industry. The positive development followed other recent good news for the company. Amkor had reported stronger-than-expected earnings for the third quarter and Aletheia Capital had initiated coverage on the stock with a Buy rating and a price target of $62.00.
Amkor is up 75.4% since the beginning of the year, and at $45.61 per share, has set a new 52-week high. Investors who bought $1,000 worth of Amkor’s shares 5 years ago would now be looking at an investment worth $3,023.
The 1999 book Gorilla Game predicted Microsoft and Apple would dominate tech before it happened. Its thesis? Identify the platform winners early. Today, enterprise software companies embedding generative AI are becoming the new gorillas. Click here for access to our special report that reveals one profitable leader already riding this wave.
