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

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

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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 boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Amkor Technology has seen some interesting price action recently; the stock is up 9.8% over the past one week and up 4.4% over the past four weeks. And in the last one-year period, AMKR has gained 53.8%. As for the stock's trading volume, 1,054,311.50 shares on average were traded over the last 20 days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $1.63 per share. AMKR boasts an average earnings surprise of 44.3%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding AMKR to their portfolios.

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

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