Trade-Ideas LLC identified

Amkor Technology

(

AMKR

) as a strong and under the radar 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 $4.9 million.
  • AMKR has traded 275.403000000000020008883439004421234130859375 options contracts today.
  • AMKR is making at least a new 3-day high.
  • AMKR has a PE ratio of 52.
  • AMKR is mentioned 1.58 times per day on StockTwits.
  • AMKR has not yet been mentioned on StockTwits today.
  • AMKR is currently in the upper 20% of its 1-year range.
  • AMKR is in the upper 35% of its 20-day range.
  • AMKR is in the upper 45% of its 5-day range.
  • AMKR is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on AMKR:

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. AMKR has a PE ratio of 52. 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 774,500 shares per day over the past 30 days. Amkor Technology has a market cap of $1.5 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.86 and a short float of 3.9% with 5.40 days to cover. Shares are up 3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Amkor Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:

  • AMKR's revenue growth has slightly outpaced the industry average of 14.8%. Since the same quarter one year prior, revenues rose by 16.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • Net operating cash flow has decreased to $138.10 million or 16.31% when compared to the same quarter last year. Despite a decrease in cash flow AMKOR TECHNOLOGY INC is still fairing well by exceeding its industry average cash flow growth rate of -59.36%.
  • 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. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, AMKOR TECHNOLOGY INC reported lower earnings of $0.24 versus $0.56 in the prior year. For the next year, the market is expecting a contraction of 41.7% in earnings ($0.14 versus $0.24).
  • 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 103.0% when compared to the same quarter one year ago, falling from $28.78 million to -$0.88 million.

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