StockNews.com Lowers ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to Buy

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

ChipMOS TECHNOLOGIES Price Performance

NASDAQ:IMOS opened at $29.85 on Thursday. The company has a quick ratio of 2.77, a current ratio of 3.20 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $29.56 and its two-hundred day simple moving average is $26.96. The stock has a market cap of $1.09 billion, a PE ratio of 18.09 and a beta of 0.92. ChipMOS TECHNOLOGIES has a 52 week low of $21.58 and a 52 week high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. ChipMOS TECHNOLOGIES had a return on equity of 7.66% and a net margin of 8.85%. The company had revenue of $187.00 million during the quarter, compared to analyst estimates of $175.31 million. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of large investors have recently modified their holdings of IMOS. BlackRock Inc. raised its stake in ChipMOS TECHNOLOGIES by 17.7% in the first quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock worth $3,489,000 after buying an additional 14,773 shares in the last quarter. LSV Asset Management raised its stake in ChipMOS TECHNOLOGIES by 65.9% in the first quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after buying an additional 2,700 shares in the last quarter. Renaissance Group LLC raised its stake in ChipMOS TECHNOLOGIES by 7.3% in the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock worth $1,162,000 after buying an additional 2,235 shares in the last quarter. Vident Investment Advisory LLC bought a new position in ChipMOS TECHNOLOGIES in the first quarter worth approximately $241,000. Finally, Evergreen Capital Management LLC raised its stake in ChipMOS TECHNOLOGIES by 13.9% in the first quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock worth $242,000 after buying an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.