Chipmos Technologies (NASDAQ:IMOS) Stock Passes Above 200-Day Moving Average – Should You Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.02 and traded as high as $40.10. Chipmos Technologies shares last traded at $39.82, with a volume of 27,998 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IMOS. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies has a consensus rating of “Hold”.

Chipmos Technologies Trading Up 2.2%

The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 92.60 and a beta of 1.00. The business’s fifty day simple moving average is $37.52 and its 200 day simple moving average is $28.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The business had revenue of $207.78 million during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 26.2% on a year-over-year basis.

Hedge Funds Weigh In On Chipmos Technologies

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of Chipmos Technologies by 74.7% during 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. Farther Finance Advisors LLC boosted its position in 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 valued at $35,000 after purchasing an additional 1,178 shares during the period. Westside Investment Management Inc. grew its stake in Chipmos Technologies by 125.5% during the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after buying an additional 1,204 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in Chipmos Technologies during the 4th quarter worth $54,000. Finally, GAMMA Investing LLC increased its position in Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after buying an additional 1,629 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.