ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a hold rating to a buy rating in a research report report published on Thursday.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS opened at $18.84 on Thursday. The company has a market capitalization of $685.02 million, a P/E ratio of 13.17 and a beta of 0.86. The business’s 50-day moving average is $21.03 and its two-hundred day moving average is $23.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. ChipMOS TECHNOLOGIES has a fifty-two week low of $18.74 and a fifty-two week high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. The company had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after buying an additional 7,973 shares in the last quarter. Ballentine Partners LLC boosted its position in ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 2,611 shares during the last quarter. Caprock Group LLC acquired a new position in ChipMOS TECHNOLOGIES during the second quarter worth about $441,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in ChipMOS TECHNOLOGIES by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after acquiring an additional 2,319 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.