Chipmos Technologies (NASDAQ:IMOS) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Chipmos Technologies (NASDAQ:IMOS) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings raised shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chipmos Technologies currently has an average rating of “Hold”.

Chipmos Technologies Trading Up 8.0%

Shares of IMOS stock opened at $42.57 on Friday. Chipmos Technologies has a 1-year low of $12.78 and a 1-year high of $43.16. The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 266.06 and a beta of 1.04. The stock has a 50-day moving average of $29.82 and a 200-day moving average of $22.49.

Chipmos Technologies (NASDAQ:IMOS) last announced its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.13 by $0.20. The business had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 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. Acadian Asset Management LLC grew its stake in shares of Chipmos Technologies by 5.9% in the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock valued at $4,795,000 after buying an additional 14,697 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Chipmos Technologies by 2.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock valued at $1,361,000 after acquiring an additional 1,949 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Chipmos Technologies by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,205 shares in the last quarter. Creative Planning increased its holdings in shares of Chipmos Technologies by 50.3% during the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock valued at $820,000 after acquiring an additional 15,150 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Chipmos Technologies by 51.4% during 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. Institutional investors own 7.39% of the company’s stock.

About Chipmos Technologies

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.