Chipmos Technologies (NASDAQ:IMOS) Stock Price Up 6.4% – What’s Next?

Chipmos Technologies (NASDAQ:IMOS)’s stock price rose 6.4% during trading on Friday . The company traded as high as $59.31 and last traded at $58.6010. Approximately 13,821 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 82,419 shares. The stock had previously closed at $55.09.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. 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 Trading Up 8.8%

The company has a market capitalization of $2.11 billion, a PE ratio of 29.30 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 business has a fifty day moving average price of $56.92 and a 200 day moving average price of $52.85.

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

Institutional Trading of Chipmos Technologies

A number of hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in shares of Chipmos Technologies during the second quarter valued at $373,000. Squarepoint Ops LLC bought a new position in Chipmos Technologies in the 2nd quarter worth about $235,000. XY Capital Ltd acquired a new stake in shares of Chipmos Technologies in the second quarter valued at approximately $8,373,000. TD Waterhouse Canada Inc. bought a new stake in shares of Chipmos Technologies during the second quarter valued at approximately $517,000. Finally, Foster Group Inc. acquired a new position in shares of Chipmos Technologies during the second quarter worth approximately $339,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan-based semiconductor assembly and testing company that provides outsourced semiconductor packaging and testing services. The company supports integrated circuit manufacturers and other electronics companies by handling various stages of semiconductor production after wafer fabrication.

Its services include wafer probing and sorting, wafer bumping, assembly, final testing, burn-in and related engineering services. ChipMOS works with a range of semiconductor products, including memory devices, display driver integrated circuits, logic and mixed-signal chips, and other consumer and communications-related components.

Founded in 1997, ChipMOS serves customers in the global semiconductor industry through operations centered in Taiwan, with additional international business relationships and support capabilities.