Amkor (AMKR) Hits New High as Analyst Gives “Buy” Reco

Group 1 - Amkor Technology, Inc. (NASDAQ:AMKR) reached a new record high of $38.22 during intra-day trading, closing up 17.22% at $37.84 due to bullish coverage from an investment firm [1] - Aletheia Capital initiated coverage on Amkor with a "buy" recommendation and a price target of $62, indicating a 64% upside potential from its latest closing price [2] - In the third quarter, Amkor reported a net income of $127 million, a 3% increase from $123 million year-on-year, with net sales growing by 6.7% to $1.987 billion from $1.862 billion [3] Group 2 - For the fourth quarter, Amkor expects net income between $95 million to $120 million, translating to diluted earnings per share of $0.38 to $0.48, with net sales projected to be between $1.775 billion to $1.875 billion [4]