In this article, we discuss the 5 best low-cost tech stocks to buy right now. If you want to read our detailed analysis of the tech sector and its future potential growth, go directly to read 10 Best Low-Cost Tech Stocks to Buy Right Now.
5. Amkor Technology, Inc. (NASDAQ:AMKR)
Number of Hedge Fund Holders: 25
Share Price as of November 26: $22.23
Amkor Technology, Inc. (NASDAQ:AMKR) is an American semiconductor products company that also provides packaging and test services to consumers. The number of hedge funds tracked by Insider Monkey having stakes in the company grew to 25 in Q3, from 19 in the previous quarter. These stakes have a consolidated value of $208.3 million, up significantly from $154.5 million in Q2.
Since the start of 2021, Amkor Technology, Inc. (NASDAQ:AMKR) delivered a 49.09% return to shareholders, while its 12-month returns came in at 50.81%. Credit Suisse, in October, set a $27 price target on this Arizona-based company, while keeping a Neutral rating on the shares.
In Q3, Amkor Technology, Inc. (NASDAQ:AMKR) earned $1.68 billion in revenues, presenting a 24.4% year-over-year growth. With 2.4 million shares, SW Investment Management was the company’s largest shareholder in Q3.