ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a hold rating to a buy rating in a research report released on Monday morning.

ChipMOS TECHNOLOGIES Stock Down 2.3 %

IMOS opened at $17.71 on Monday. The stock has a fifty day moving average of $19.48 and a 200-day moving average of $22.15. The company has a market capitalization of $643.97 million, a P/E ratio of 12.38 and a beta of 0.86. ChipMOS TECHNOLOGIES has a fifty-two week low of $17.70 and a fifty-two week high of $32.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC increased its position in shares of ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 2,611 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 2,319 shares during the period. Finally, Blue Trust Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 1,440 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors.

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.