Shares of Chipmos Technologies (NASDAQ:IMOS – Get Free Report) rose 4.9% on Tuesday . The stock traded as high as $57.83 and last traded at $57.31. Approximately 13,862 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 83,744 shares. The stock had previously closed at $54.64.
Analysts Set New Price Targets
IMOS has been the topic of a number of recent analyst reports. Weiss Ratings raised Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chipmos Technologies presently has a consensus rating of “Hold”.
Get Our Latest Research Report on IMOS
Chipmos Technologies Price Performance
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last released its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.64 by $0.16. Chipmos Technologies had a return on equity of 9.25% and a net margin of 8.30%.The business had revenue of $231.81 million during the quarter, compared to analysts’ expectations of $236.95 million. During the same quarter last year, the firm posted ($0.51) earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares during the period. NewEdge Advisors LLC boosted its position in shares of Chipmos Technologies by 163.0% during the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 494 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Chipmos Technologies in the 4th quarter valued at about $54,000. Finally, Parallel Advisors LLC grew its stake in shares of Chipmos Technologies by 44.4% in the 3rd quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,890 shares during the period. 7.39% of the stock is owned by institutional investors.
Chipmos Technologies Company Profile
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.
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