Amkor Technology is a leader in integrating memory and storage for computing and automotive products and offering flip-chip solutions, including turnkey packaging for smartphones, tablets, and other mobile devices. On an uptrend following stellar Q3 earnings, the stock is trading close to its 52-week high but still offers upside potential given the demand for Big Data and chips, which is why I’ve selected it as one of my top 10 tech stocks.
AMKR is trading at a premium, given its overall Valuation grade. But the key this recommendation are its underlying metrics which show some deep discount. The forward P/E ratio is around 9.3x, a -61% difference to the sector, and a trailing PEG of 0.19x versus the sector 0.65x, a -71% difference—AMKR offers some value as well as bullish momentum.