Chipmos Technologies Ltd. (IMOS) Given Average Recommendation of “Strong Buy” by Analysts
Shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $22.50 for the company and are anticipating that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Chipmos Technologies an industry rank of 28 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, September 12th. Cowen and Company increased their target price on Chipmos Technologies from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 11th.
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Several hedge funds have recently added to or reduced their stakes in the stock. Foundry Partners LLC raised its stake in Chipmos Technologies by 2.9% in the third quarter. Foundry Partners LLC now owns 125,051 shares of the company’s stock worth $2,476,000 after buying an additional 3,512 shares during the last quarter. Bluefin Trading LLC bought a new position in Chipmos Technologies during the second quarter worth $489,000. Advisory Research Inc. increased its position in Chipmos Technologies by 5.1% in the second quarter. Advisory Research Inc. now owns 38,025 shares of the company’s stock worth $689,000 after buying an additional 1,840 shares during the period. Fortress Investment Group LLC increased its position in Chipmos Technologies by 439.0% in the second quarter. Fortress Investment Group LLC now owns 467,813 shares of the company’s stock worth $8,472,000 after buying an additional 381,015 shares during the period. Finally, Marshall Wace LLP increased its position in Chipmos Technologies by 11.4% in the second quarter. Marshall Wace LLP now owns 85,692 shares of the company’s stock worth $1,552,000 after buying an additional 8,781 shares during the period. Institutional investors own 61.15% of the company’s stock.
Shares of Chipmos Technologies (NASDAQ:IMOS) traded down 0.15% on Monday, hitting $19.45. The company’s stock had a trading volume of 20,013 shares. Chipmos Technologies has a 52 week low of $14.35 and a 52 week high of $20.78. The stock has a market capitalization of $531.51 million, a P/E ratio of 26.90 and a beta of 1.06. The stock’s 50 day moving average price is $19.79 and its 200 day moving average price is $18.38.
Chipmos Technologies (NASDAQ:IMOS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.10. Chipmos Technologies had a net margin of 3.30% and a return on equity of 3.42%. The company had revenue of $146.70 million for the quarter, compared to analyst estimates of $146.60 million. During the same quarter last year, the company posted $0.08 EPS. On average, analysts forecast that Chipmos Technologies will post $0.65 earnings per share for the current fiscal year.
About Chipmos Technologies
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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