Chipmos Technologies (NASDAQ:IMOS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.68 and traded as high as $57.70. Chipmos Technologies shares last traded at $57.17, with a volume of 41,432 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on IMOS shares. Weiss Ratings upgraded shares of Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The firm has a market cap of $1.95 billion, a PE ratio of 27.10 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The firm’s 50 day moving average price is $59.76 and its two-hundred day moving average price is $50.85.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.16. The company had revenue of $231.81 million for the quarter, compared to analyst estimates of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.51) earnings per share.

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XY Capital Ltd purchased a new position in Chipmos Technologies in the second quarter valued at about $8,373,000. Dimensional Fund Advisors LP increased its holdings in shares of Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after purchasing an additional 335 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Chipmos Technologies by 3.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after acquiring an additional 2,240 shares during the last quarter. Rhumbline Advisers increased its position in Chipmos Technologies by 51.4% in the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 12,759 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Chipmos Technologies by 3.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 830 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.

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.