Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $52.78, but opened at $54.80. Chipmos Technologies shares last traded at $54.3920, with a volume of 3,751 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies presently has an average rating of “Hold”.
Read Our Latest Research Report on IMOS
Chipmos Technologies Stock Up 4.3%
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.16. The business had revenue of $231.81 million during the quarter, compared to analysts’ expectations of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.51) EPS.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IMOS. XY Capital Ltd acquired a new position in Chipmos Technologies during the 2nd quarter worth about $8,373,000. Dimensional Fund Advisors LP boosted its holdings in Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after purchasing an additional 335 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Chipmos Technologies in the second quarter valued at $517,000. Delphi Management Inc. MA acquired a new position in Chipmos Technologies during the 1st quarter worth $254,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Chipmos Technologies during the second quarter worth approximately $373,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.
About Chipmos Technologies
ChipMOS Technologies Inc is a Taiwan-based semiconductor assembly and testing company that provides outsourced semiconductor packaging and testing services. The company supports integrated circuit manufacturers and other electronics companies by handling various stages of semiconductor production after wafer fabrication.
Its services include wafer probing and sorting, wafer bumping, assembly, final testing, burn-in and related engineering services. ChipMOS works with a range of semiconductor products, including memory devices, display driver integrated circuits, logic and mixed-signal chips, and other consumer and communications-related components.
Founded in 1997, ChipMOS serves customers in the global semiconductor industry through operations centered in Taiwan, with additional international business relationships and support capabilities.
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