ChipMOS Technologies (IMOS) Rating Lowered to Sell at Zacks Investment Research

ChipMOS Technologies (NASDAQ:IMOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, February 16th.

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. “

Other analysts also recently issued research reports about the company. ValuEngine raised ChipMOS Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. BidaskClub downgraded ChipMOS Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th.

ChipMOS Technologies (NASDAQ:IMOS) traded up $0.04 during midday trading on Friday, reaching $17.80. The company had a trading volume of 87,671 shares, compared to its average volume of 49,247. The company has a market cap of $792.15 and a P/E ratio of 13.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 2.08. ChipMOS Technologies has a 52 week low of $15.71 and a 52 week high of $21.99.

A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. Dimensional Fund Advisors LP lifted its holdings in shares of ChipMOS Technologies by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,663 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 4,183 shares during the period. State Street Corp lifted its stake in shares of ChipMOS Technologies by 16.8% during the 2nd quarter. State Street Corp now owns 35,637 shares of the semiconductor company’s stock worth $705,000 after purchasing an additional 5,128 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of ChipMOS Technologies by 3.3% during the 4th quarter. Foundry Partners LLC now owns 161,655 shares of the semiconductor company’s stock worth $2,853,000 after purchasing an additional 5,157 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of ChipMOS Technologies by 3,134.5% during the 4th quarter. Deutsche Bank AG now owns 6,469 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 6,269 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of ChipMOS Technologies by 609.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,770 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 9,251 shares during the last quarter. Institutional investors own 11.40% 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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