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

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, TheStreet cut ChipMOS TECHNOLOGIES from a “b-” rating to a “c+” rating in a research report on Thursday, October 6th.

ChipMOS TECHNOLOGIES Stock Performance

ChipMOS TECHNOLOGIES stock opened at $21.29 on Friday. The stock’s 50 day simple moving average is $19.89 and its two-hundred day simple moving average is $25.14. The stock has a market cap of $774.15 million, a price-to-earnings ratio of 4.85 and a beta of 0.95. ChipMOS TECHNOLOGIES has a fifty-two week low of $17.50 and a fifty-two week high of $37.76.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Hedge funds have recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC purchased a new stake in ChipMOS TECHNOLOGIES during the 3rd quarter valued at $67,000. EverSource Wealth Advisors LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 28.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,538 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 1,003 shares in the last quarter. US Bancorp DE increased its stake in shares of ChipMOS TECHNOLOGIES by 322.7% in the 3rd quarter. US Bancorp DE now owns 5,267 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 4,021 shares in the last quarter. Bank of America Corp DE increased its stake in shares of ChipMOS TECHNOLOGIES by 32.4% in the 1st quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 800 shares in the last quarter. Finally, OneAscent Wealth Management LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES in the 1st quarter worth $201,000. 7.15% of the stock is currently owned by hedge funds and other institutional investors.

About ChipMOS TECHNOLOGIES

(Get Rating)

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 Taiwan, 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 Other segments.

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