ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Rating Increased to Buy at StockNews.com

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

ChipMOS TECHNOLOGIES Stock Down 0.7 %

NASDAQ:IMOS opened at $18.70 on Thursday. ChipMOS TECHNOLOGIES has a 1 year low of $18.51 and a 1 year high of $32.19. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The stock has a market cap of $679.93 million, a price-to-earnings ratio of 13.08 and a beta of 0.86. The stock has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $23.38.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IMOS. Blue Trust Inc. boosted its position 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 during the period. Caprock Group LLC acquired a new position in shares of ChipMOS TECHNOLOGIES during the second quarter worth about $441,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 2,319 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of 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 buying an additional 2,611 shares during the period. 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.