StockNews.com Upgrades ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to “Buy”

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

ChipMOS TECHNOLOGIES Trading Down 2.3 %

IMOS traded down $0.42 during trading on Monday, reaching $17.71. 23,441 shares of the company’s stock were exchanged, compared to its average volume of 21,506. The company’s fifty day moving average price is $19.48 and its 200-day moving average price is $22.15. The firm has a market capitalization of $643.97 million, a PE ratio of 12.38 and a beta of 0.86. ChipMOS TECHNOLOGIES has a fifty-two week low of $17.70 and a fifty-two week high of $32.19. 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 (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $191.70 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IMOS. Blue Trust Inc. increased its stake in ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 1,440 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% in 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 buying an additional 2,319 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 2,611 shares during the period. Institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.