Chipmos Technologies (NASDAQ:IMOS) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Chipmos Technologies (NASDAQ:IMOS) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Chipmos Technologies currently has an average rating of “Hold”.

Chipmos Technologies Price Performance

IMOS stock traded down $1.51 during trading on Friday, reaching $49.22. The company’s stock had a trading volume of 65,123 shares, compared to its average volume of 76,122. Chipmos Technologies has a 1 year low of $25.27 and a 1 year high of $83.84. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.73 billion, a P/E ratio of 17.00 and a beta of 1.34. The company’s fifty day moving average is $61.69 and its 200-day moving average is $53.11.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, November 10th. The semiconductor company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.28. Chipmos Technologies had a return on equity of 13.04% and a net margin of 10.98%. The business had revenue of $263.49 million for the quarter, compared to analysts’ expectations of $249.84 million.

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds have recently modified their holdings of IMOS. XY Capital Ltd bought a new position in shares of Chipmos Technologies during the second quarter worth $8,373,000. Dimensional Fund Advisors LP grew its stake in Chipmos Technologies by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after acquiring an additional 335 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Chipmos Technologies during the third quarter valued at $867,000. Ritholtz Wealth Management increased its holdings in Chipmos Technologies by 4.0% in the 3rd quarter. Ritholtz Wealth Management now owns 9,309 shares of the semiconductor company’s stock valued at $668,000 after acquiring an additional 360 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Chipmos Technologies by 2.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,201 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc. is a Taiwan-based provider of outsourced semiconductor assembly and test services. Founded in 1997, the company serves semiconductor manufacturers and other customers that rely on external partners to prepare and test chips for use in electronic devices. Its services include wafer bumping, semiconductor assembly, and testing. ChipMOS works with products such as display driver integrated circuits, memory chips, and mixed-signal semiconductors, which are used in applications including displays and consumer electronics.