Amkor Technology is knowing a strong buyer flows, and the upward potentiel is not over yet.
The company displays solid fundamentals as underlined by Surperformance ratings. It has a very attractive valuation with a P/E ratio of 12.5x for 2015. Thomson Reuters estimates prove that the company is growing significantly: EPS are expected to rise by 41.8% this year.
Technically, the stock evolves in a bullish trend in the short term. Prices rebounded significantly in the last weeks, achieving a large upward gap above USD 7.1. The stock has recently crossed the USD 9.3 pivot point, and is likely to rally towards the USD 10.62 resistance. All moving averages took an upward orientation, which strenghten the possibility of this scenario.
Therefore, long positons can still be opened on the security. A first target price can be set at USD 10.62, and a stop loss will be placed under the pivot point recently crossed.
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company is engaged in the outsourcing of semiconductor packaging and test services. It designs and develops packaging and test technologies focused on advanced packaging solutions, including artificial intelligence. Its packaging and test services are designed to meet application and chip-specific requirements, including: the required type of interconnect technology; size; thickness; and electrical, mechanical, and thermal performance. It provides turnkey packaging and test services including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test and drop shipment services. The Company offers services to integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs) and contract foundries. It allows IDMs to outsource packaging and test services and focus their investments.
AMKOR TECHNOLOGY, INC. 
