Jim Cramer Says “Amkor is Good”

Amkor Technology, Inc. (NASDAQ:AMKR) is one of the stocks Jim Cramer put under the spotlight. Answering a caller’s query about AMKR during the lightning round, Cramer stated:

“Yeah, Amkor is good. But Taiwan Semi is the one that is, you know, rules the roost. And I am concerned that if NVIDIA doesn’t do a good job tomorrow, then Taiwan Semi goes down too, and so does Amkor. So let’s, let’s just wait to see what NVIDIA says. I think it’s worth waiting.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Amkor Technology, Inc. (NASDAQ:AMKR) provides semiconductor packaging and testing services, including advanced chip, wafer, and system-in-package solutions. On November 12, the company announced a 1% increase in its dividend to $0.08352 per share from $0.0827. Its next dividend is payable by December 23 to the shareholders of record on December 3.

In other news, Amkor Technology, Inc. (NASDAQ:AMKR) provided its fourth-quarter guidance on October 27. The company expects revenues between $1.775 billion and $1.875 billion, 8% below Q3 but representing an increase of 12% year-over-year at the mid-point. The company expects to earn a net income in the range of $95 million to $120 million, which translates to an expected earnings per share of $0.38 to $0.48.

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Disclosure: None. This article is originally published at Insider Monkey.