StockNews.com Lowers ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to Buy

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Thursday.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS stock traded down $0.70 on Thursday, reaching $30.24. The company had a trading volume of 9,022 shares, compared to its average volume of 24,032. The business's 50-day moving average is $29.50 and its 200 day moving average is $26.91. ChipMOS TECHNOLOGIES has a one year low of $21.58 and a one year high of $32.19. The company has a quick ratio of 2.77, a current ratio of 3.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.33 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $187.00 million during the quarter, compared to analysts' expectations of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.66%. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several large investors have recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 47.6% in the first quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company's stock valued at $424,000 after buying an additional 4,348 shares during the period. Goldman Sachs Group Inc. increased its position in ChipMOS TECHNOLOGIES by 164.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,114 shares of the semiconductor company's stock valued at $847,000 after acquiring an additional 19,367 shares during the period. Creative Planning increased its position in ChipMOS TECHNOLOGIES by 13.8% in the 4th quarter. Creative Planning now owns 28,793 shares of the semiconductor company's stock valued at $783,000 after acquiring an additional 3,484 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of ChipMOS TECHNOLOGIES by 14.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 56,647 shares of the semiconductor company's stock valued at $1,541,000 after acquiring an additional 7,061 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of ChipMOS TECHNOLOGIES by 397.1% during the fourth quarter. US Bancorp DE now owns 6,880 shares of the semiconductor company's stock worth $187,000 after purchasing an additional 5,496 shares during the period. 7.39% of the stock is currently owned by institutional investors.

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.

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