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  • What Accelerated Amkor (AMKR) Stock During Extended Trades

    What Accelerated Amkor (AMKR) Stock During Extended Trades

    Amkor Technology, Inc. (NASDAQ: AMKR) witnessed a notable upswing of 4.74%, reaching $29.81 in the extended trading session on Friday. The closing figures for the regular session revealed a 1.03% ascent, settling at $28.46. This surge in AMKR stock was precipitated by a strategic initiative unveiled by the semiconductor packaging and test services company.

    Amkor (AMKR) has disclosed its blueprint to establish an advanced packaging and test facility in Peoria, Arizona. The comprehensive project, slated to demand an investment of approximately $2 billion, is envisioned to culminate in the employment of around 2,000 individuals at the innovative facility.

    Distinguished as the sole U.S.-based OSAT (outsourced semiconductor assembly and test) service provider boasting advanced packaging technology proficiency and extensive experience in high-volume manufacturing, AMKR anticipates that, upon fruition, this facility will stand as the largest outsourced advanced packaging establishment in the United States.

    Positioning itself at the forefront of fortifying the U.S. semiconductor supply chain, Amkor is poised to spearhead the enhancement of America’s advanced packaging capabilities. Recognizing the strategic imperative to diversify geographic presence, semiconductor companies, foundries, and supply chain collaborators perceive the significance of this move.

    The revelation of AMKR’s plans for a state-of-the-art advanced packaging and test facility in Arizona unequivocally signifies its commitment to fostering resilient supply chains and contributing to a robust American semiconductor ecosystem.

    In recent testimonies before Congress, Commerce Secretary Gina M. Raimondo underscored advanced packaging as a pivotal focus area in the U.S. government’s endeavors to revitalize domestic semiconductor manufacturing. The Commerce Department has expressly conveyed that cultivating robust capacities and capabilities in advanced manufacturing is a paramount priority, integral to the success of the CHIPS program.

    Amkor has acquired approximately 55 acres of land earmarked for the construction of an ultramodern manufacturing campus, encompassing over 500,000 square feet of pristine clean room space. The initial phase of the manufacturing plant is slated for readiness within the next two to three years, with AMKR aiming to deliver high-volume, cutting-edge technologies for advanced packaging and semiconductor testing, catering to critical markets such as high-performance computing, automotive, and communications.

    Significantly, Amkor collaborated closely with Apple in conceptualizing the strategic vision and initial manufacturing capacity of the Peoria facility. This facility is poised to package and test chips manufactured for Apple at the nearby TSMC fab. Upon commencement, Apple is anticipated to be the inaugural and principal client of this groundbreaking facility.

  • Amkor Technology Inc. (AMKR) stock Rises After Hours on Record 2021 Financial Results

    Following record financial results, Amkor Technology Inc.’s (AMKR) stock rose high in the after-hours on Monday. The company declared its Q4 and fiscal 2021 financial results on Monday, February 14, after the bell.

    In the regular session on Monday, the stock remained bullish with a slight gain of 1.20%. After reaching a high of $21.46 during the day, AMKR closed the session at $21.15. The regular trading saw 184% of its average volume at 1.71 million shares. Consequent to the announcement of the results, AMKR stock increased by a further 8.51% in the after-hours. Hence, the stock had a value of 422.95 per share in the after-hours on Monday.

    The outsourced semiconductor packaging and test services provider, Amkor Technology Inc. has a market capitalization of $5.11 billion. Its 244.53 million outstanding shares have declined by 14.68% year to date. Furthermore, the stock suffered a loss of 12.64% in the past year.

    AMKR’s Financial results

    The company had net sales of 41.72 billion in Q4 2021 and $6.14 billion in the full year 2021. This marks a respective increase of 26% YOY and 22% YOY against the prior-year periods.

    Moreover, AMKR reported a record net income of $217 million for the fourth quarter and $643 million for the full year of 2021. Thus, the net income per diluted share was $0.88 and $2.62 in Q4 2021 and fiscal 2021, respectively.

    In fiscal 2021, the company had $1,121 million in net cash from operations and $344 million in free cash flow.

    Future Guidance

    The company also provided guidance for the ongoing Q1 of fiscal 2022. For Q1 2022, the company expects net sales between $1.50 and $1.60 billion. Further, the expected net income for the quarter is between $115 and $165 million or $0.45-$0.65 on a diluted share basis.

    In addition, for fiscal 2022, AMKR expects capital expenditure of around $950 million.

    AMKR’s Quarterly Dividend

    On February 08, the company announced the declaration of quarterly dividends by its board of directors. The board approved a quarterly cash dividend of $0.05 per share on AMKR’s common stock for stockholders of record on March 1, 2022. The cash dividend will be payable on March 21, 2022, to the stockholders of record.

    Recent Participation

    Recently, the company participated in the 24th Annual Needham Growth Conference. The company’s management presented at the conference on January 11, 2022