Overview
- Shares jumped about 12% on January 5, touching $48.41 intraday and closing at $48.13 after the firm lifted its price target to $50 from $37 and maintained a buy rating.
- The research frames Amkor as a key beneficiary of overflow demand from TSMC for advanced AI chip packaging using CoWoS.
- The analyst estimates that expanded capacity related to this demand could add up to $5 billion in annual revenue.
- Roughly 3 million shares traded, suggesting participation beyond retail investors, with institutional ownership above 43% and short interest around 4.65% of the float.
- Recent insider selling and the stock’s strong prior run-up have traders watching for consolidation and whether price action can clear the psychologically important $50 level.