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

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

ChipMOS TECHNOLOGIES Price Performance

Shares of NASDAQ:IMOS traded down $0.78 on Tuesday, reaching $27.89. 9,389 shares of the company traded hands, compared to its average volume of 22,128. ChipMOS TECHNOLOGIES has a fifty-two week low of $21.58 and a fifty-two week high of $32.19. The company’s 50 day moving average is $29.63 and its 200-day moving average is $27.41. The stock has a market capitalization of $1.01 billion, a PE ratio of 16.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04.

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

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds have recently modified their holdings of IMOS. JNBA Financial Advisors purchased a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter valued at $31,000. Lindbrook Capital LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 28.8% in the third quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 705 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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. Blue Trust Inc. purchased a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at $94,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.