Chipmos Technologies Ltd. (NASDAQ:IMOS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “ChipMOS Technologies is an independent provider of total semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers and foundries. They provide a broad range of back-end testing services for high density memory, mixed-signal and liquid crystal display driver semiconductors. “

Chipmos Technologies (NASDAQ:IMOS) traded down 0.31% during trading on Tuesday, hitting $19.48. 46,019 shares of the stock traded hands. The stock has a market cap of $532.33 million, a P/E ratio of 26.94 and a beta of 1.07. Chipmos Technologies has a 12 month low of $14.35 and a 12 month high of $20.78. The firm’s 50-day moving average is $19.79 and its 200-day moving average is $18.38.

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Chipmos Technologies (NASDAQ:IMOS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.10. The business earned $146.70 million during the quarter, compared to analyst estimates of $146.60 million. Chipmos Technologies had a net margin of 3.30% and a return on equity of 3.42%. During the same period last year, the company earned $0.08 earnings per share. On average, analysts forecast that Chipmos Technologies will post $0.65 EPS for the current year.

A number of institutional investors have recently made changes to their positions in IMOS. Hsbc Holdings PLC increased its position in shares of Chipmos Technologies by 0.7% in the second quarter. Hsbc Holdings PLC now owns 15,081 shares of the company’s stock worth $273,000 after buying an additional 99 shares during the period. BlackRock Inc. increased its stake in Chipmos Technologies by 2,556.7% in the first quarter. BlackRock Inc. now owns 18,597 shares of the company’s stock valued at $323,000 after buying an additional 17,897 shares during the last quarter. Bluefin Trading LLC purchased a new stake in Chipmos Technologies during the second quarter valued at $489,000. Advisory Research Inc. increased its stake in Chipmos Technologies by 5.1% in the second quarter. Advisory Research Inc. now owns 38,025 shares of the company’s stock valued at $689,000 after buying an additional 1,840 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Chipmos Technologies by 0.7% in the first quarter. Panagora Asset Management Inc. now owns 40,507 shares of the company’s stock valued at $704,000 after buying an additional 295 shares during the last quarter. 61.30% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan, and for memory and logic/mixed-signal products in Taiwan and Mainland China.

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