Chipmos Technologies (NASDAQ:IMOS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.68 and traded as high as $57.70. Chipmos Technologies shares last traded at $57.17, with a volume of 41,432 shares traded.
Analysts Set New Price Targets
Several equities analysts recently weighed in on IMOS shares. Weiss Ratings raised Chipmos Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Chipmos Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on Chipmos Technologies
Chipmos Technologies Price Performance
The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The stock has a market capitalization of $2.01 billion, a PE ratio of 27.96 and a beta of 1.34. The company's fifty day simple moving average is $59.95 and its two-hundred day simple moving average is $50.68.
Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.16. The company had revenue of $231.81 million for the quarter, compared to the consensus estimate of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.51) earnings per share.
Institutional Investors Weigh In On Chipmos Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. XY Capital Ltd acquired a new stake in Chipmos Technologies during the 2nd quarter valued at $8,373,000. TD Waterhouse Canada Inc. acquired a new position in shares of Chipmos Technologies in the second quarter worth $517,000. Foster Group Inc. acquired a new position in shares of Chipmos Technologies in the second quarter worth $339,000. NewEdge Advisors LLC raised its holdings in shares of Chipmos Technologies by 163.0% in the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 494 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company's stock valued at $3,301,000 after acquiring an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 7.39% of the company's stock.
About Chipmos Technologies
(
Get Free Report)
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.
Further Reading
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