Zacks: Chipmos Technologies Ltd. (IMOS) Given Average Rating of “Strong Buy” by Brokerages
Shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $23.00 for the company and are anticipating that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Chipmos Technologies an industry rank of 252 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Chipmos Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th.
A number of institutional investors have recently modified their holdings of IMOS. Renaissance Group LLC boosted its position in shares of Chipmos Technologies by 7.4% in the first quarter. Renaissance Group LLC now owns 17,558 shares of the semiconductor company’s stock valued at $312,000 after buying an additional 1,214 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chipmos Technologies by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 92,663 shares of the semiconductor company’s stock valued at $1,832,000 after buying an additional 4,183 shares in the last quarter. Snow Capital Management LP boosted its position in shares of Chipmos Technologies by 40.0% in the first quarter. Snow Capital Management LP now owns 35,000 shares of the semiconductor company’s stock valued at $621,000 after buying an additional 10,000 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Chipmos Technologies by 7.7% in the second quarter. Foundry Partners LLC now owns 145,529 shares of the semiconductor company’s stock valued at $2,877,000 after buying an additional 10,453 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Chipmos Technologies during the second quarter valued at approximately $209,000. 23.15% of the stock is owned by institutional investors.
Shares of Chipmos Technologies (NASDAQ:IMOS) traded up 3.15% during trading on Friday, reaching $17.99. 191,260 shares of the company were exchanged. Chipmos Technologies has a 1-year low of $13.94 and a 1-year high of $21.99.
Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Thursday, August 10th. The semiconductor company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Chipmos Technologies had a net margin of 19.20% and a return on equity of 9.90%. The business had revenue of $149.50 million during the quarter, compared to analysts’ expectations of $155.61 million. On average, analysts anticipate that Chipmos Technologies will post $0.68 earnings per share for the current fiscal year.
The firm also recently declared a None dividend, which was paid on Wednesday, July 19th. Shareholders of record on Thursday, June 15th were given a $0.459 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. Chipmos Technologies’s dividend payout ratio is presently 59.13%.
Chipmos Technologies Company Profile
ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.
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