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Cowen and Company hoisted their price target on shares of ChipMOS Technologies (Bermuda) (NASDAQ:IMOS) from $29.00 to $32.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price would suggest a potential upside of 30.77% from the stock’s previous close.

Shares of ChipMOS Technologies (NASDAQ:IMOS) traded down 2.66% on Wednesday, hitting $23.82. The stock had a trading volume of 327,951 shares. ChipMOS Technologies has a 1-year low of $15.43 and a 1-year high of $25.97. The stock’s 50-day moving average is $24.07 and its 200-day moving average is $22.64. The company has a market cap of $708.1 million and a P/E ratio of 17.12.

ChipMOS Technologies (Bermuda) (NASDAQ:IMOS) last released its earnings data on Wednesday, August 13th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.06.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Investors of record on Thursday, October 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, October 14th.

Separately, analysts at TheStreet upgraded shares of ChipMOS Technologies (Bermuda) from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) LTD (ChipMOS Bermuda) is a holding company.

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