Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up - Here's Why

Key Points

• ChipMOS Technologies (IMOS) gapped up — shares opened at $48.24 vs the prior close of $45.60 and last traded near $48.86 on light volume (~13,275 shares).
• Quarterly results topped estimates — the company reported $0.46 EPS vs a $0.34 consensus and revenue of $207.78 million, up 26.2% year‑over‑year.
• Analyst sentiment is mixed (average "Hold" with one upgrade to "Strong‑Buy"), while the stock carries a high P/E (~112.2) and relatively low institutional ownership (~7.4%), with a market cap around $1.7 billion.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $45.60, but opened at $48.24. Chipmos Technologies shares last traded at $48.86, with a volume of 13,275 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IMOS. Weiss Ratings reiterated a "hold (c-)" rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen raised Chipmos Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies presently has an average rating of "Hold".

Chipmos Technologies Price Performance

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 112.17 and a beta of 1.16. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $40.29 and a 200 day moving average price of $33.72.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last announced its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.12. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The company had revenue of $207.78 million for the quarter, compared to analyst estimates of $6.50 billion. During the same period in the previous year, the firm earned $0.19 earnings per share. Chipmos Technologies's revenue for the quarter was up 26.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IMOS. Allworth Financial LP lifted its position in shares of Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 587 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Chipmos Technologies by 16,828.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 1,178 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company's stock worth $42,000 after buying an additional 1,204 shares during the period. Smartleaf Asset Management LLC purchased a new position in shares of Chipmos Technologies during the fourth quarter valued at $54,000. Finally, GAMMA Investing LLC grew its holdings in shares of Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company's stock valued at $97,000 after buying an additional 410 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors and hedge funds.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.

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