Nancy Pelosi’s stock tracker, on Monday, drew attention on X over Senator Markwayne Mullin’s (R-Okla.) stock trading disclosure for Amkor Technology Inc. (NASDAQ:AMKR) purchases in 2026 as the semiconductor stock rallied sharply.
Committee Role Raises Eyebrows
In a post, the stock tracker highlighted that Mullin "is on a roll" and bought "up to $150,000 in Amkor" twice in 2026. The popular social media account noted that "Mullin sits on the Senate Armed Services Committee, which oversees the military supply chain and military installations."
Benzinga's Government Trades tracker shows that Mullin purchased AMKR stock on January 5 and February 4, with the transactions reported on February 4 and March 2, respectively.
Mullin’s did not immediately respond to Benzinga’s request for a comment.
Since those purchases, shares of the Arizona-based semiconductor packaging and testing company have climbed roughly 60%.
Amkor Benefits From Semiconductor Tailwinds
Amkor is among the beneficiaries of the broad semiconductor rally. Analysts like Adam Parker recently emphasized that strong AI-driven earnings are particularly bolstering chip stocks. He labeled semiconductors his “North Star,” highlighting their central role in the ongoing multi-year AI buildout, which he believes is not a bubble.
Upbeat Results Fuel Surge
Amkor reported upbeat first-quarter results, beating expectations with earnings of 33 cents per share and revenues of $1.69 billion. It projects second-quarter earnings per share between 42 and 52 cents, which is above the previous 31 cent estimate, along with revenue expectations of $1.75 billion to $1.85 billion.
Impressed by robust earnings, most analysts lifted their target price for the stock.
Insider Confidence Boosts Performance
In a notable insider transaction, Robert R. Morse, a Board Member at Amkor, exercised stock options for 20,000 shares, resulting in a total transaction value of $1,007,800, as disclosed in a recent SEC filing. This action, reported on April 9, reflects confidence in the company’s ongoing performance.
Benzinga Edge Stock Rankings indicate that AMKR maintains a strong price trend in the short, medium and long term. The stock has a good Growth score in the 91st percentile and a Momentum score in the 98th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
Photo courtesy: Donny Hery / Shutterstock
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