Chipmos Technologies (NASDAQ:IMOS) Reaches New 1-Year High – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.93 and last traded at $50.3850, with a volume of 3561 shares changing hands. The stock had previously closed at $45.92.

Analyst Upgrades and Downgrades

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

Chipmos Technologies Stock Performance

The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $39.34 and a 200-day moving average price of $32.70. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 106.44 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS) last issued its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period in the prior year, the firm posted $0.19 EPS. Chipmos Technologies’s quarterly revenue was up 26.2% compared to the same quarter last year.

Hedge Funds Weigh In On Chipmos Technologies

A number of hedge funds have recently modified their holdings of IMOS. ABC Arbitrage SA acquired a new position in shares of Chipmos Technologies in the 3rd quarter worth approximately $290,000. Rhumbline Advisers grew its position in Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Chipmos Technologies during the 3rd quarter worth approximately $219,000. XY Capital Ltd bought a new stake in Chipmos Technologies during the 4th quarter worth approximately $314,000. Finally, RBF Capital LLC bought a new stake in Chipmos Technologies during the 4th quarter worth approximately $266,000. 7.39% of the stock is owned by institutional investors and hedge funds.

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.