Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $62.34, but opened at $57.55. Chipmos Technologies shares last traded at $57.0110, with a volume of 8,572 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Chipmos Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Chipmos Technologies currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on IMOS
Chipmos Technologies Price Performance
The company has a market cap of $1.98 billion, a P/E ratio of 27.43 and a beta of 1.24. The company has a fifty day moving average price of $62.74 and a two-hundred day moving average price of $58.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.94 and a current ratio of 2.39.
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last released its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.16. The business had revenue of $231.81 million for the quarter, compared to the consensus estimate of $236.95 million. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%. Chipmos Technologies’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.51) earnings per share.
Institutional Investors Weigh In On Chipmos Technologies
Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Chipmos Technologies by 163.0% in the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 494 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Chipmos Technologies during the second quarter worth $235,000. GAMMA Investing LLC raised its position in Chipmos Technologies by 21.9% during the third quarter. GAMMA Investing LLC now owns 4,100 shares of the semiconductor company’s stock worth $294,000 after acquiring an additional 737 shares in the last quarter. Foster Group Inc. bought a new stake in Chipmos Technologies during the second quarter worth $339,000. Finally, Kathmere Capital Management LLC acquired a new stake in Chipmos Technologies in the first quarter valued at $204,000. Institutional investors and hedge funds own 7.39% of the company’s stock.
About Chipmos Technologies
ChipMOS Technologies Inc (NASDAQ: IMOS) is a semiconductor assembly and testing services provider. The company operates in the outsourced semiconductor assembly and test (OSAT) industry, supporting integrated-circuit manufacturers and other customers with back-end semiconductor production services.
Its services include wafer probing and sorting, wafer bumping, semiconductor assembly, final testing, and related engineering and production support. ChipMOS serves a range of semiconductor applications, including memory products, display driver integrated circuits, logic and mixed-signal devices, and other components used in consumer electronics, communications equipment, and computing products.
ChipMOS is headquartered in Taiwan and has developed its manufacturing and testing operations in Taiwan and other parts of Asia.
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