ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded at StockNews.com

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

ChipMOS TECHNOLOGIES Price Performance

ChipMOS TECHNOLOGIES stock opened at $27.85 on Tuesday. The stock’s fifty day moving average price is $29.63 and its two-hundred day moving average price is $27.44. ChipMOS TECHNOLOGIES has a one year low of $21.58 and a one year 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. The firm has a market cap of $1.01 billion, a PE ratio of 16.88 and a beta of 0.92.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently modified their holdings of the business. JNBA Financial Advisors bought a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at $31,000. BNP Paribas Financial Markets bought a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at $42,000. Lindbrook Capital LLC increased its stake in shares of 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 purchasing an additional 705 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 865 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at $94,000. Institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.