Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – Still a Buy?

Shares of Chipmos Technologies (NASDAQ:IMOS) gapped up prior to trading on Friday . The stock had previously closed at $33.24, but opened at $36.15. Chipmos Technologies shares last traded at $36.0410, with a volume of 20,789 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Chipmos Technologies in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Chipmos Technologies presently has a consensus rating of “Sell”.

Chipmos Technologies Stock Performance

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 224.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The firm’s 50 day simple moving average is $27.78 and its 200-day simple moving average is $21.64.

Chipmos Technologies (NASDAQ:IMOS) last posted its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.20. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMOS. Acadian Asset Management LLC lifted its position in Chipmos Technologies by 14.5% during the 1st quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company’s stock worth $4,206,000 after buying an additional 31,768 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Chipmos Technologies by 110.7% during the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock worth $576,000 after buying an additional 16,707 shares in the last quarter. Signaturefd LLC grew its position in shares of Chipmos Technologies by 27.0% during the 2nd quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 4,716 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Chipmos Technologies by 66.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after acquiring an additional 27,617 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Chipmos Technologies by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 1,205 shares in the last quarter. 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.