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 report released on Monday.

ChipMOS TECHNOLOGIES Stock Down 2.3 %

Shares of NASDAQ IMOS opened at $17.71 on Monday. The company has a market cap of $643.97 million, a price-to-earnings ratio of 12.38 and a beta of 0.86. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a 12 month low of $17.70 and a 12 month high of $32.19. The stock has a 50-day moving average price of $19.48 and a two-hundred day moving average price of $22.15.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after purchasing an additional 2,319 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 2,611 shares during the period. 7.39% of the stock is currently owned by institutional investors.

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.