Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – What’s Next?

Shares of Chipmos Technologies (NASDAQ:IMOS) gapped up before the market opened on Friday . The stock had previously closed at $33.24, but opened at $36.15. Chipmos Technologies shares last traded at $36.0410, with a volume of 20,789 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IMOS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chipmos Technologies in a research note on Monday, December 29th. Wall Street Zen raised shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Chipmos Technologies Stock Up 10.1%

The firm has a market cap of $1.29 billion, a PE ratio of 228.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The company’s 50-day simple moving average is $28.09 and its two-hundred day simple moving average is $21.78.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.13 by $0.20. The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $6.50 billion. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share.

Institutional Investors Weigh In On Chipmos Technologies

A number of large investors have recently made changes to their positions in IMOS. GAMMA Investing LLC raised its holdings in shares of Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 410 shares in the last quarter. Allworth Financial LP lifted its position in shares of Chipmos Technologies by 74.7% in the 3rd 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. Bank of America Corp DE lifted its position in shares of Chipmos Technologies by 10.0% in the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 1,185 shares during the period. Westside Investment Management Inc. increased its position in shares of Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 1,204 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Chipmos Technologies by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,205 shares during the period. 7.39% of the stock is currently 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.