StockNews.com Upgrades ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to “Buy”

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

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS stock opened at $18.70 on Thursday. The stock’s fifty day simple moving average is $20.94 and its 200 day simple moving average is $23.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The firm has a market cap of $679.93 million, a price-to-earnings ratio of 13.08 and a beta of 0.86. ChipMOS TECHNOLOGIES has a one year low of $18.51 and a one year high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. The business had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 7,973 shares during the last quarter. Ballentine Partners LLC increased its holdings in ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the last quarter. Caprock Group LLC bought a new stake in ChipMOS TECHNOLOGIES in the second quarter valued at about $441,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 2,319 shares during the last quarter. Institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.