ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a hold rating to a buy rating in a research note issued to investors on Thursday.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS stock opened at $18.70 on Thursday. ChipMOS TECHNOLOGIES has a 12 month low of $18.51 and a 12 month high of $32.19. The company has a market capitalization of $679.97 million, a PE ratio of 13.08 and a beta of 0.86. The firm’s 50-day moving average is $20.94 and its two-hundred day moving average is $23.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $191.70 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 7,973 shares in the last quarter. Caprock Group LLC acquired a new position in shares of ChipMOS TECHNOLOGIES during the 2nd quarter worth approximately $441,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.