Zacks Investment Research Upgrades Chipmos Technologies Ltd. (IMOS) to Hold
Chipmos Technologies Ltd. (NASDAQ:IMOS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “
Shares of Chipmos Technologies (IMOS) traded down 0.84% on Thursday, reaching $16.62. The company had a trading volume of 191,174 shares. Chipmos Technologies has a 12 month low of $13.94 and a 12 month high of $21.99. The stock has a 50 day moving average price of $19.29 and a 200-day moving average price of $18.13.
Chipmos Technologies (NASDAQ:IMOS) last announced its earnings results on Thursday, August 10th. The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.02. The business had revenue of $149.50 million for the quarter, compared to the consensus estimate of $155.61 million. Chipmos Technologies had a net margin of 19.20% and a return on equity of 9.74%. On average, analysts expect that Chipmos Technologies will post $0.68 EPS for the current year.
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Several hedge funds have recently bought and sold shares of the company. Group One Trading L.P. purchased a new stake in Chipmos Technologies during the second quarter worth approximately $113,000. FACTORIAL MANAGEMENT Ltd purchased a new stake in Chipmos Technologies during the fourth quarter worth approximately $139,000. Citadel Advisors LLC purchased a new stake in Chipmos Technologies during the first quarter worth approximately $209,000. Parametric Portfolio Associates LLC purchased a new stake in Chipmos Technologies during the second quarter worth approximately $209,000. Finally, Renaissance Group LLC increased its stake in Chipmos Technologies by 2.3% in the fourth quarter. Renaissance Group LLC now owns 16,344 shares of the semiconductor company’s stock worth $231,000 after buying an additional 374 shares in the last quarter. 23.10% of the stock is currently owned by institutional investors.
About Chipmos Technologies
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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