Shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $21.00 for the company and are expecting that the company will post $0.22 earnings per share 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 its competitors.

A number of equities research analysts have weighed in on IMOS shares. ValuEngine downgraded shares of Chipmos Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Chipmos Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

Shares of Chipmos Technologies (NASDAQ IMOS) opened at $17.80 on Thursday. Chipmos Technologies has a 1-year low of $13.94 and a 1-year high of $21.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 2.08. The firm has a market cap of $789.93, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.83 and a beta of 0.18.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Group LLC lifted its holdings in Chipmos Technologies by 11.9% in the 2nd quarter. Renaissance Group LLC now owns 19,643 shares of the semiconductor company’s stock valued at $388,000 after acquiring an additional 2,085 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chipmos Technologies by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,663 shares of the semiconductor company’s stock valued at $1,832,000 after acquiring an additional 4,183 shares during the last quarter. State Street Corp lifted its holdings in Chipmos Technologies by 16.8% in the 2nd quarter. State Street Corp now owns 35,637 shares of the semiconductor company’s stock valued at $705,000 after acquiring an additional 5,128 shares during the last quarter. Group One Trading L.P. acquired a new stake in Chipmos Technologies in the 2nd quarter valued at about $113,000. Finally, Foundry Partners LLC lifted its holdings in Chipmos Technologies by 7.7% in the 2nd quarter. Foundry Partners LLC now owns 145,529 shares of the semiconductor company’s stock valued at $2,877,000 after acquiring an additional 10,453 shares during the last quarter. 16.47% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Brokerages Set $21.00 Target Price for Chipmos Technologies Ltd. (IMOS)” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/07/brokerages-set-21-00-target-price-for-chipmos-technologies-ltd-imos-2.html.

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.

Get a free copy of the Zacks research report on Chipmos Technologies (IMOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chipmos Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipmos Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.