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 Monday.

ChipMOS TECHNOLOGIES Trading Up 0.5 %

Shares of ChipMOS TECHNOLOGIES stock opened at $18.37 on Monday. ChipMOS TECHNOLOGIES has a 1-year low of $17.70 and a 1-year high of $32.19. The company’s fifty day simple moving average is $19.24 and its 200-day simple moving average is $22.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The stock has a market capitalization of $667.93 million, a PE ratio of 12.85 and a beta of 0.86.

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

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 1,440 shares during the period. Ballentine Partners LLC raised its position in shares of ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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 buying an additional 2,319 shares in the last quarter. 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.