ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a strong-buy rating in a research note published on Tuesday.

ChipMOS TECHNOLOGIES Stock Down 2.7 %

ChipMOS TECHNOLOGIES stock opened at $27.89 on Tuesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 16.90 and a beta of 0.92. The company’s 50-day moving average is $29.63 and its 200-day moving average is $27.41. ChipMOS TECHNOLOGIES has a fifty-two week low of $21.58 and a fifty-two week high of $32.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $187.00 million for the quarter, compared to analyst estimates of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. ChipMOS TECHNOLOGIES’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JNBA Financial Advisors acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at about $31,000. Lindbrook Capital LLC grew its stake in ChipMOS TECHNOLOGIES by 28.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 705 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in ChipMOS TECHNOLOGIES by 36.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 865 shares during the last quarter. Blue Trust Inc. acquired a new position in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $94,000. Finally, QRG Capital Management Inc. acquired a new position in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $220,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the 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 Others segments.