AMKR vs ASX vs UTSI

For growth investors, ASE Technology Holding Co.

, Ltd. (ASX) is the stronger pick with 6. 8% revenue growth year-over-year, versus -30. 9% for UTStarcom Holdings Corp. (UTSI). Amkor Technology, Inc. (AMKR) offers the better valuation at 51. 1x trailing P/E (36. 1x forward), making it the more compelling value choice. Analysts rate ASE Technology Holding Co. , Ltd. (ASX) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Amkor Technology, Inc.

(AMKR) is the cheapest at 51. 1x versus ASE Technology Holding Co. , Ltd. at 58. 2x. On forward P/E, ASE Technology Holding Co. , Ltd. is actually cheaper at 1. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: ASE Technology Holding Co. , Ltd. wins at 0. 13x versus Amkor Technology, Inc. 's 25. 97x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, ASE Technology Holding Co.

, Ltd. (ASX) delivered a total return of +368. 1%, compared to -48. 2% for UTStarcom Holdings Corp. (UTSI). Over 10 years, the gap is even starker: AMKR returned +1299% versus UTSI's -68. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), UTStarcom Holdings Corp.

(UTSI) is the lower-risk stock at 0. 18β versus Amkor Technology, Inc. 's 2. 90β — meaning AMKR is approximately 1540% more volatile than UTSI relative to the S&P 500. On balance sheet safety, UTStarcom Holdings Corp. (UTSI) carries a lower debt/equity ratio of 4% versus 71% for ASE Technology Holding Co. , Ltd. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), ASE Technology Holding Co.

, Ltd. (ASX) is pulling ahead at 6. 8% versus -30. 9% for UTStarcom Holdings Corp. (UTSI). On earnings-per-share growth, the picture is similar: ASE Technology Holding Co. , Ltd. grew EPS 27. 7% year-over-year, compared to -14. 3% for UTStarcom Holdings Corp.. Over a 3-year CAGR, ASX leads at -1. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

ASE Technology Holding Co.

, Ltd. (ASX) is the more profitable company, earning 6. 3% net margin versus -40. 2% for UTStarcom Holdings Corp. — meaning it keeps 6. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ASX leads at 7. 9% versus -67. 4% for UTSI. At the gross margin level — before operating expenses — UTSI leads at 26. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, ASE Technology Holding Co. , Ltd. (ASX) is the more undervalued stock at a PEG of 0. 13x versus Amkor Technology, Inc. 's 25. 97x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, ASE Technology Holding Co. , Ltd. (ASX) trades at 1. 0x forward P/E versus 36. 1x for Amkor Technology, Inc. — 35. 0x cheaper on a one-year earnings basis.

In this comparison, ASX (1.

0% yield), AMKR (0. 4% yield) pay a dividend. UTSI does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, UTStarcom Holdings Corp.

(UTSI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 18)). Amkor Technology, Inc. (AMKR) carries a higher beta of 2. 90 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (UTSI: -68. 2%, AMKR: +1299%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

ASX pays a dividend while AMKR, UTSI do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.