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

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

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

Chipmos Technologies Trading Up 0.7%

NASDAQ IMOS opened at $33.56 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 209.75 and a beta of 1.04. Chipmos Technologies has a twelve month low of $12.78 and a twelve month high of $45.43. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $33.39 and its 200 day moving average is $24.74.

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

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares during the period. Farther Finance Advisors LLC raised its stake in Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,178 shares during the last quarter. Westside Investment Management Inc. raised its stake in Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after buying an additional 1,204 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,629 shares during the period. Finally, Parallel Advisors LLC boosted its position in Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 1,890 shares during the last quarter. Institutional investors and hedge funds 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.