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AMKOR Technology (AMKR)

Amkor Technology, Inc. is one of the world's largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test and is now a strategic manufacturing partner for the world's leading semiconductor companies, foundries and electronics OEMs. Amkor's operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA.

Company profile

Ticker
AMKR
Exchange
Website
CEO
Stephen Kelley
Employees
Incorporated
Location
Fiscal year end
Former names
AMKOR TECHNOLOGY INC
SEC CIK
Subsidiaries
Amkor Advanced Technology • Amkor Assembly & Test (Shanghai) Co., Ltd. • Amkor Technology • Amkor Technology Limited • Amkor Technology Taiwan Ltd. • Amkor Technology Vietnam Limited Liability Company • Amkor Worldwide Services LLC • ATEP - Amkor Technology • Guardian Assets, Inc. ...
IRS number
231722724

AMKR stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 737.37M 737.37M 737.37M 737.37M 737.37M 737.37M
Cash burn (monthly) 40.59M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 59.11M n/a n/a n/a n/a n/a
Cash remaining 678.26M n/a n/a n/a n/a n/a
Runway (months of cash) 16.7 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Rutten Guillaume Marie Jean Common Stock Sell Dispose S No Yes 22.01 60,000 1.32M 245,000
2 Aug 22 Rutten Guillaume Marie Jean Common Stock Option exercise Acquire M No No 14.17 20,000 283.4K 305,000
2 Aug 22 Rutten Guillaume Marie Jean Common Stock Option exercise Acquire M No No 9.48 10,000 94.8K 285,000
2 Aug 22 Rutten Guillaume Marie Jean Employee Stock Option (Right-to-Buy) Common Stock Option exercise Dispose M No No 14.17 20,000 283.4K 192,500
2 Aug 22 Rutten Guillaume Marie Jean Employee Stock Option (Right-to-Buy) Common Stock Option exercise Dispose M No No 9.48 10,000 94.8K 55,625
21 Jul 22 Faust Megan Common Stock Sell Dispose S No Yes 19.07 12,000 228.84K 8,512
21 Jul 22 Faust Megan Common Stock Option exercise Acquire M No No 9.48 12,000 113.76K 20,512
21 Jul 22 Faust Megan Employee Stock Option (Right-to-Buy) Common Stock Option exercise Dispose M No No 9.48 12,000 113.76K 106,500
12 Jul 22 Annuity Trust under the Susan Y. Kim 2020-1 Irrevocable Trust Agreement dated 04/01/2020 Qualified Common Stock Gift Dispose G No No 0 429,750 0 2,298,355
12 Jul 22 Agnes C Kim Common Stock Gift Dispose G Yes No 0 429,750 0 71,628,568
38.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 276 269 +2.6%
Opened positions 41 46 -10.9%
Closed positions 34 44 -22.7%
Increased positions 115 96 +19.8%
Reduced positions 73 86 -15.1%
13F shares Current Prev Q Change
Total value 2.03B 2.34B -13.2%
Total shares 93.24M 94.25M -1.1%
Total puts 275.3K 135.9K +102.6%
Total calls 337.7K 351.6K -4.0%
Total put/call ratio 0.8 0.4 +110.9%
Largest owners Shares Value Change
Dimensional Fund Advisors 15.33M $333.08M -0.5%
Vanguard 12M $260.69M +1.1%
BLK Blackrock 11.86M $257.7M +1.3%
LSV Asset Management 8.15M $177.09M +9.2%
Fuller & Thaler Asset Management 5.15M $111.94M -0.3%
STT State Street 3.36M $72.87M +3.3%
SW Investment Management 3M $65.17M +9.1%
Aqr Capital Management 2.3M $49.92M +61.9%
Geode Capital Management 2.02M $43.92M +3.0%
WHG Westwood 1.93M $41.99M -51.3%
Largest transactions Shares Bought/sold Change
WHG Westwood 1.93M -2.03M -51.3%
FIFTHDELTA 0 -1.11M EXIT
Aqr Capital Management 2.3M +879.1K +61.9%
Norges Bank 0 -742.72K EXIT
LSV Asset Management 8.15M +684.92K +9.2%
Arrowstreet Capital, Limited Partnership 0 -358.16K EXIT
GS Goldman Sachs 898.44K +348.49K +63.4%
Analog Century Management 0 -255.31K EXIT
Nuveen Asset Management 960.28K +251.28K +35.4%
SW Investment Management 3M +250K +9.1%

Financial report summary

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Risks
  • Company-Specific Risk Factors
  • Our packaging and test services are used in volatile industries and industry downturns, and declines in global economic and financial conditions could harm our performance.
  • Our business may suffer if the cost, quality or supply of materials or equipment changes adversely.
  • Our operating results and cash flows have varied and may vary significantly as a result of factors that we cannot control.
  • We depend on our factories and operations in various foreign jurisdictions and many of our customers’ and vendors’ operations are also located outside of the U.S.
  • We compete against established competitors in the packaging and test business as well as internal capabilities of IDMs and face competition from new competitors, including foundries.
  • We make substantial investments in equipment and facilities to support the demand of our customers, which may materially and adversely affect our business if the demand of our customers does not develop as we expect or is adversely affected.
  • Due to our high percentage of fixed costs, we may be unable to maintain satisfactory gross margins if we are unable to achieve relatively high-capacity utilization rates.
  • The lack of contractually committed customer demand may materially and adversely affect our sales.
  • Historically, there has been downward pressure on the prices of our packaging and test services.
  • Packaging and test processes are complex, and our production yields and customer relationships may suffer from defects in the services we provide or if we do not successfully implement new technologies.
  • Our business will suffer if we are not able to develop new proprietary technology, protect our proprietary technology and operate without infringing the proprietary rights of others.
  • Covenants in the indentures and agreements governing our current and future indebtedness could restrict our operating flexibility.
  • We may decrease or suspend our quarterly dividend, and any decrease in or suspension of the dividend could cause our stock price to decline.
  • We have significant severance plan obligations associated with our manufacturing operations in Korea which could reduce our cash flow and negatively impact our financial condition.
  • James J. Kim and members of his family can effectively determine or substantially influence the outcome of all matters requiring stockholder approval.
  • The Covid-19 pandemic has impacted, and may continue to impact, the supply chain and consumer demand for our customers’ products and services, and the continued impact on the supply chain and consumer demand may ultimately have a material and adverse effect on our business, results of operations, and financial condition.
  • Our substantial indebtedness could have a material adverse effect on our financial condition and prevent us from fulfilling our obligations.
  • We are exposed to fluctuations in interest rates and changes in credit risk, which could have a material adverse impact on our earnings as it relates to the market value of our investment portfolio.
  • We may have difficulty funding liquidity needs.
  • The loss of certain customers or reduced orders or pricing from existing customers may have a material adverse effect on our operations and financial results.
  • We face risks trying to attract, retain or replace qualified employees to support our operations.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report financial results or prevent fraud.
  • We face risks in connection with the continuing development and implementation of changes to, and maintenance and security of, our information technology systems.
  • We face challenges as we integrate diverse operations.
  • We could suffer adverse tax and other financial consequences if there are changes in tax laws or taxing authorities do not agree with our interpretation of applicable tax laws, including whether we continue to qualify for tax holidays, or if we are required to establish or adjust valuation allowances on deferred tax assets.
  • Environmental, health and safety liabilities and expenditures could have a material adverse effect on our business, results of operation and financial condition.
  • Our business and financial condition has been adversely affected, and could be adversely affected in the future, by natural disasters and other calamities, health conditions or pandemics, political instability, hostilities or other disruptions.
Management Discussion
  • The increase in net sales for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021, was primarily due to continued recovery in the automotive and industrial end market, and a shift to cloud-based services in the computing end market. The automotive and industrial end market represented 51% and 25% of the increase for the three and six months ended June 30, 2022, respectively. The computing end market represented 42% and 33% of the increase for the three and six months ended June 30, 2022, respectively. Additionally, 29% of the increase for the six months ended June 30, 2022 was attributable to the communications end market, driven primarily by content and market share gains within 5G smartphones. While we had significant increases during the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021, our net sales were restrained by the government-mandated lockdown of our Shanghai factory during the second quarter of 2022.

Content analysis

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Readability
H.S. sophomore Good
New words: Bac, diversification, lesser, maximum, Ninh, pledged, reopened, site, underutilization
Removed: distribution, globally, low, recently, relax, resume, standby, vaccination