5 Semiconductor Stocks to Buy Under $50

4. Amkor Technology, Inc. (NASDAQ:AMKR)

Number of Hedge Fund Holders: 21

Share Price (as of March 1): $21.44

Amkor Technology, Inc. (NASDAQ:AMKR) makes semiconductor packaging and test technology solutions and is based in the United States. These include semiconductor wafer bump, wafer probe, package design, and test and drop shipment services. The firm was given a ‘Buy’ rating by Sidoti analyst Chrishan Anketell in December.

In November last year, Amkor Technology, Inc. (NASDAQ:AMKR) agreed to build a smart factory in Vietnam, for which the first-phase investment will range between $200 million and $250 million. This site will enable allow high-volume production by the second half of 2023, while the first phase of production is expected to start this year.

As of the fourth quarter, 21 out of 924 hedge funds tracked by Insider Monkey held stakes in Amkor Technology, Inc. (NASDAQ:AMKR), with a combined value of $216 million.

Amkor Technology, Inc. (NASDAQ:AMKR) reported earnings per share of $0.88 for the fourth quarter, which beat analysts’ estimates by $0.22. Quarterly revenue of $1.72 billion also outperformed estimates by $77.24 million.