ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

ChipMOS TECHNOLOGIES Stock Down 1.3 %

Shares of NASDAQ IMOS opened at $28.21 on Tuesday. The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $29.64 and its two-hundred day moving average is $27.48. ChipMOS TECHNOLOGIES has a 52-week low of $21.58 and a 52-week high of $32.19. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.95.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. The company had revenue of $187.00 million for the quarter, compared to analyst estimates of $175.31 million. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share.

Institutional Trading of ChipMOS TECHNOLOGIES

Several hedge funds have recently added to or reduced their stakes in IMOS. Lindbrook Capital LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 28.8% during the third quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 705 shares in the last quarter. Signaturefd LLC lifted its stake in ChipMOS TECHNOLOGIES by 4.7% during the third quarter. Signaturefd LLC now owns 20,799 shares of the semiconductor company’s stock worth $479,000 after purchasing an additional 927 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in ChipMOS TECHNOLOGIES by 36.3% in the third quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 865 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of ChipMOS TECHNOLOGIES by 19.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 55,068 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 9,026 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 16.6% during the third quarter. Acadian Asset Management LLC now owns 188,227 shares of the semiconductor company’s stock worth $4,324,000 after purchasing an additional 26,843 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.