Chipmos Technologies Ltd. (NASDAQ:IMOS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Zacks Investment Research raised Chipmos Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th.

Chipmos Technologies (NASDAQ:IMOS) traded up $0.90 during trading on Friday, hitting $20.70. The stock had a trading volume of 127,928 shares, compared to its average volume of 163,457. The firm has a market capitalization of $862.33 million, a PE ratio of 18.47, a P/E/G ratio of 1.48 and a beta of 0.22. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.48.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Thursday, August 10th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Chipmos Technologies had a return on equity of 9.74% and a net margin of 19.20%. The firm had revenue of $149.50 million for the quarter, compared to the consensus estimate of $155.61 million. equities research analysts predict that Chipmos Technologies will post 1.36 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading L.P. bought a new position in shares of Chipmos Technologies during the 2nd quarter worth $113,000. Parametric Portfolio Associates LLC bought a new position in shares of Chipmos Technologies during the 2nd quarter worth $209,000. Airain ltd bought a new position in shares of Chipmos Technologies during the 2nd quarter worth $242,000. FDx Advisors Inc. bought a new position in shares of Chipmos Technologies during the 3rd quarter worth $248,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of Chipmos Technologies during the 2nd quarter worth $370,000. 19.28% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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