Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS) gapped up prior to trading on Tuesday . The stock had previously closed at $43.49, but opened at $46.65. Chipmos Technologies shares last traded at $46.8710, with a volume of 15,689 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IMOS shares. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Chipmos Technologies Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The company has a 50-day moving average price of $39.14 and a two-hundred day moving average price of $32.60. The company has a market cap of $1.79 billion, a PE ratio of 118.00 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The business had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 26.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Chipmos Technologies by 16,828.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 1,178 shares in the last quarter. Allworth Financial LP raised its stake in Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 587 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in Chipmos Technologies during the fourth quarter valued at approximately $54,000. 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 valued at $42,000 after buying an additional 1,204 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Chipmos Technologies by 131.7% during 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 in 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.