Apple CEO Tim Cook Just Revealed 1 Little-Known Tech Stock for Investors to Snatch Up Here

Core Insights - Amkor Technology's stock surged following Apple's CEO Tim Cook's mention of the company as a key packaging partner in semiconductor manufacturing [1] - The company is recognized for its role in the backend of semiconductor manufacturing, providing packaging and testing services for integrated circuits [2] Company Overview - Amkor Technology, founded in 1968, is a leading provider in the Outsourced Semiconductor Assembly & Test (OSAT) sector, focusing on packaging integrated circuits and offering advanced packaging solutions [2] - The company has a market capitalization of approximately $7 billion, with a year-to-date stock increase of 16% but a 4% decline over the past year [3] Financial Performance - Amkor's sales and earnings have shown steady compound annual growth rates (CAGR) of 7.23% and 12.06%, respectively, despite experiencing year-over-year declines in earnings for seven out of the last nine quarters [5] - In the most recent quarter, Amkor reported total net sales of $1.51 billion, reflecting a 3.4% annual growth, with advanced products accounting for over 81% of revenues, growing by 4.1% to $1.23 billion [6] - Earnings per share (EPS) for the latest quarter were $0.22, marking an 18.5% decline year-over-year, although this exceeded the consensus estimate of $0.16 [6]