XY Capital Ltd bought a new stake in Chipmos Technologies (NASDAQ:IMOS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 130,326 shares of the semiconductor company’s stock, valued at approximately $8,373,000. Chipmos Technologies makes up approximately 8.1% of XY Capital Ltd’s holdings, making the stock its 3rd biggest holding.
A number of other institutional investors have also made changes to their positions in IMOS. NewEdge Advisors LLC lifted its position in 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 buying an additional 494 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Chipmos Technologies by 16,828.6% during the fourth 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. Allworth Financial LP lifted its position in shares of Chipmos Technologies by 74.7% during 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 in the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Chipmos Technologies during the fourth quarter valued at approximately $54,000. Finally, Foster Group Inc. acquired a new stake in shares of Chipmos Technologies in the second quarter valued at approximately $339,000. 7.39% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on IMOS shares. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised 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 data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Chipmos Technologies Stock Performance
Chipmos Technologies stock opened at $57.61 on Friday. The company has a market cap of $2.03 billion, a PE ratio of 28.17 and a beta of 1.34. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. Chipmos Technologies has a 1 year low of $17.21 and a 1 year high of $78.35. The company’s 50-day moving average is $58.83 and its two-hundred day moving average is $51.62.
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last issued its quarterly 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. The company 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%. Chipmos Technologies’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.51) EPS.
Chipmos Technologies 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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