Trade-Ideas LLC identified

Amkor Technology

(

AMKR

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Amkor Technology as such a stock due to the following factors:

  • AMKR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.3 million.
  • AMKR has traded 541,948 shares today.
  • AMKR is trading at 5.96 times the normal volume for the stock at this time of day.
  • AMKR is trading at a new high 3.01% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AMKR with the Ticky from Trade-Ideas. See the FREE profile for AMKR NOW at Trade-Ideas

More details on AMKR:

TheStreet Recommends

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, China, Ireland, Japan, Singapore, Taiwan, Thailand, and internationally. AMKR has a PE ratio of 14. Currently there are no analysts that rate Amkor Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Amkor Technology has been 1.7 million shares per day over the past 30 days. Amkor Technology has a market cap of $1.4 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.49 and a short float of 3.6% with 2.77 days to cover. Shares are down 19% year-to-date as of the close of trading on Monday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Amkor Technology as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 13.4%. Since the same quarter one year prior, revenues slightly dropped by 4.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • AMKOR TECHNOLOGY INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, AMKOR TECHNOLOGY INC increased its bottom line by earning $0.56 versus $0.50 in the prior year. For the next year, the market is expecting a contraction of 51.8% in earnings ($0.27 versus $0.56).
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison to the other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, AMKOR TECHNOLOGY INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 80.7% when compared to the same quarter one year ago, falling from $49.52 million to $9.58 million.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.