12 Stocks That Are About to Explode

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

Number of Hedge Fund Holders: 29

Analysts’ Upside Potential as of March 27: 61.4%

Amkor Technology, Inc. (NASDAQ:AMKR) provides outsourced semiconductor packaging and test services, offering comprehensive solutions to semiconductor manufacturers globally. The company specializes in advanced packaging technologies, including flip-chip, wafer-level packaging, system-in-package (SiP), and wire-bond packages, alongside comprehensive testing services. AMKR’s services are critical in applications spanning consumer electronics, automotive systems, communications, industrial equipment, and computing sectors. The Arizona-based company ranked eighth on our recent list of 12 Stocks with Heavy Insider Buying in 2025.

Amkor Technology, Inc. (NASDAQ:AMKR) expects a stronger second half in 2024, with revenue seasonality more skewed than their historical 45%-55% first-half/second-half split, partly due to a socket loss in the iOS ecosystem that affected first-half performance. The company’s market outlook varies across segments, with communications feeling normal, compute showing bullishness driven by AI, and automotive displaying mixed trends with stronger advanced applications but ongoing inventory corrections in mainstream products. AMKR is making significant strategic investments, including a new facility in Arizona and an operational facility in Vietnam, which has completed one module out of four and is performing well, with yields reaching or exceeding their Korea facility levels.

In terms of advanced packaging, Amkor Technology, Inc. (NASDAQ:AMKR) positions itself as a fast follower to TSMC, developing similar technologies like CoWoS-S and SWIFT while maintaining strategic partnerships for US manufacturing. The company’s financial outlook shows margins slightly better than 2023, with expectations for stronger performance in the second half of 2024, potentially reaching high-teens margin levels similar to Q3-Q4 2022. Capital expenditure is guided at $850 million for 2024, with 5% to 10% allocated to the US facility, and the company maintains a focus on advanced packaging, SiP for specific devices, and test capabilities as primary investment areas. With at least 2 insiders buying more than $100,000 worth of stock in 2025, AMKR is one of the stocks that are about to explode.