Chipmos Technologies (NASDAQ:IMOS) Stock Rating Upgraded by Wall Street Zen

Chipmos Technologies (NASDAQ:IMOS) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Chipmos Technologies Stock Up 0.7%

NASDAQ:IMOS opened at $33.56 on Friday. The company’s 50-day simple moving average is $33.39 and its 200-day simple moving average is $24.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. Chipmos Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $45.43. The stock has a market capitalization of $1.18 billion, a P/E ratio of 209.75 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.20. The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently modified their holdings of IMOS. Vanguard Personalized Indexing Management LLC increased its stake in Chipmos Technologies by 66.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock worth $1,253,000 after buying an additional 27,617 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Chipmos Technologies in the third quarter worth approximately $290,000. Creative Planning increased its position in shares of Chipmos Technologies by 50.3% during the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 15,150 shares in the last quarter. Acadian Asset Management LLC raised its stake in Chipmos Technologies by 5.9% in the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock valued at $4,795,000 after purchasing an additional 14,697 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 12,759 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.