Weekly Recap | Amkor Tech -2.76%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.Amkor Tech fell 2.76% this week to close at $50.30, underperforming the S&P 500, which slipped 0.08%, by roughly 2.68 percentage points. Trading was choppy: the stock opened Monday at $47.32 and drifted lower over the next three sessions, hitting a low of $45.33 on Wednesday before stabilising on Thursday and rallying nearly 5% on Friday to finish at $50.30, still below the prior Friday’s close of $51.73. There was no major catalyst this week.
The Week
Amkor Tech fell 2.76% this week to close at $50.30, underperforming the S&P 500, which slipped 0.08%, by roughly 2.68 percentage points. Trading was choppy: the stock opened Monday at $47.32 and drifted lower over the next three sessions, hitting a low of $45.33 on Wednesday before stabilising on Thursday and rallying nearly 5% on Friday to finish at $50.30, still below the prior Friday’s close of $51.73. There was no major catalyst this week.
Analyst Ratings
Eleven analysts cover the stock: five rate it buy, two rate it overweight and four rate it hold, with no sell or underweight ratings. The consensus rating is buy. The consensus target price is $76.40, about 51.89% above the current price, with a target range of $65.00 to $92.00, indicating wide dispersion. Within the semiconductor materials and equipment industry, Amkor ranks 10th out of 30 names.
The Week Ahead
Next week brings a run of US macro data: the Richmond Fed composite index on Tuesday (prior 4), EIA crude and Cushing inventories on Wednesday, and initial jobless claims (prior 196,000), the current account balance, new home sales annual rate and natural gas inventories on Thursday. The tight TSMC 3nm and 2nm capacity highlighted mid-week could continue to shape sentiment across the semiconductor supply chain.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.