Chipmos Technologies (NASDAQ:IMOS) Rating Lowered to Buy at Wall Street Zen

Chipmos Technologies (NASDAQ:IMOS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

NASDAQ IMOS opened at $42.57 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 266.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The firm has a 50-day moving average of $29.82 and a 200-day moving average of $22.52. Chipmos Technologies has a 52-week low of $12.78 and a 52-week high of $43.16.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.20. The firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS.

Institutional Investors Weigh In On Chipmos Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 1,204 shares during the period. GAMMA Investing LLC raised its stake in Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 1,629 shares in the last quarter. Parallel Advisors LLC lifted its position in Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,890 shares during the period. Finally, Quadrant Capital Group LLC bought a new stake in Chipmos Technologies during the third quarter worth about $219,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.