Mirae Asset Global Investments Co. Ltd. Makes New $867,000 Investment in Chipmos Technologies $IMOS

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Chipmos Technologies (NASDAQ:IMOS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,087 shares of the semiconductor company’s stock, valued at approximately $867,000.

Other institutional investors have also recently bought and sold shares of the company. XY Capital Ltd purchased a new position in Chipmos Technologies in the second quarter valued at about $8,373,000. Dimensional Fund Advisors LP grew its stake in shares of Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after buying an additional 335 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Chipmos Technologies by 2.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,201 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 224 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Chipmos Technologies in the second quarter worth approximately $373,000. Finally, Foster Group Inc. acquired a new position in Chipmos Technologies in the second quarter worth approximately $339,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

Chipmos Technologies Stock Performance

Chipmos Technologies stock opened at $43.78 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.39 and a quick ratio of 1.94. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.41 and a beta of 1.34. Chipmos Technologies has a one year low of $21.40 and a one year high of $83.84. The company’s fifty day moving average price is $62.31 and its two-hundred day moving average price is $52.92.

Chipmos Technologies (NASDAQ:IMOS) last announced its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.16. The company had revenue of $231.81 million during the quarter, compared to analysts’ expectations of $236.95 million. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) earnings per share.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Chipmos Technologies Profile

ChipMOS Technologies Inc (NASDAQ: IMOS) is a semiconductor assembly and testing services provider. The company operates in the outsourced semiconductor assembly and test (OSAT) industry, supporting integrated-circuit manufacturers and other customers with back-end semiconductor production services.

Its services include wafer probing and sorting, wafer bumping, semiconductor assembly, final testing, and related engineering and production support. ChipMOS serves a range of semiconductor applications, including memory products, display driver integrated circuits, logic and mixed-signal devices, and other components used in consumer electronics, communications equipment, and computing products.

ChipMOS is headquartered in Taiwan and has developed its manufacturing and testing operations in Taiwan and other parts of Asia.