Chipmos Technologies (NASDAQ:IMOS) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

A number of other research analysts have also recently weighed in on IMOS. Zacks Investment Research upgraded shares of Chipmos Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Chipmos Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th.

Chipmos Technologies (NASDAQ IMOS) traded down $0.04 on Thursday, reaching $17.62. 82,642 shares of the company’s stock were exchanged, compared to its average volume of 69,746. The company has a current ratio of 2.38, a quick ratio of 2.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $786.31 and a PE ratio of 13.25. Chipmos Technologies has a 52-week low of $15.24 and a 52-week high of $21.99.

Chipmos Technologies (NASDAQ:IMOS) last released its earnings results on Thursday, November 9th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). Chipmos Technologies had a net margin of 19.18% and a return on equity of 9.42%. sell-side analysts expect that Chipmos Technologies will post 0.81 EPS for the current year.

Several hedge funds have recently made changes to their positions in IMOS. Group One Trading L.P. purchased a new stake in shares of Chipmos Technologies during the 2nd quarter valued at approximately $113,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Chipmos Technologies during the 2nd quarter valued at approximately $209,000. FDx Advisors Inc. purchased a new stake in shares of Chipmos Technologies during the 3rd quarter valued at approximately $248,000. Virtu KCG Holdings LLC purchased a new stake in shares of Chipmos Technologies during the 2nd quarter valued at approximately $370,000. Finally, Parallax Volatility Advisers L.P. purchased a new stake in shares of Chipmos Technologies during the 2nd quarter valued at approximately $395,000. Institutional investors own 16.40% of the company’s stock.

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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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