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

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. “

Chipmos Technologies (NASDAQ IMOS) traded up 1.50% during trading on Wednesday, hitting $21.65. 290,729 shares of the company traded hands. The company’s 50 day moving average is $19.55 and its 200-day moving average is $19.55. The stock has a market capitalization of $18.54 billion, a PE ratio of 162.78 and a beta of 0.46. Chipmos Technologies has a 52 week low of $13.94 and a 52 week high of $21.99.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, August 10th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). The business had revenue of $149.50 million for the quarter, compared to analysts’ expectations of $155.61 million. Chipmos Technologies had a net margin of 19.20% and a return on equity of 9.74%. Analysts predict that Chipmos Technologies will post $0.68 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Chipmos Technologies by 944.4% during the first quarter. Morgan Stanley now owns 149,303 shares of the semiconductor company’s stock valued at $2,651,000 after purchasing an additional 135,007 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Chipmos Technologies during the first quarter valued at $1,571,000. Renaissance Technologies LLC raised its stake in Chipmos Technologies by 32.5% during the first quarter. Renaissance Technologies LLC now owns 2,012,388 shares of the semiconductor company’s stock valued at $35,720,000 after purchasing an additional 493,569 shares in the last quarter. Renaissance Group LLC raised its stake in Chipmos Technologies by 11.9% during the second quarter. Renaissance Group LLC now owns 19,643 shares of the semiconductor company’s stock valued at $388,000 after purchasing an additional 2,085 shares in the last quarter. Finally, Airain ltd purchased a new stake in Chipmos Technologies during the second quarter valued at $242,000. 19.36% of the stock is currently owned by institutional investors.

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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