Chipmos Technologies (NASDAQ:IMOS - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded Chipmos Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".
View Our Latest Stock Analysis on Chipmos Technologies
Chipmos Technologies Stock Up 1.5%
Shares of Chipmos Technologies stock traded up $0.30 on Friday, hitting $20.73. 3,072 shares of the company's stock traded hands, compared to its average volume of 9,429. The stock has a market cap of $743.38 million, a P/E ratio of 230.33 and a beta of 1.08. The company has a quick ratio of 1.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average is $18.41 and its 200 day moving average is $18.01. Chipmos Technologies has a 52-week low of $12.78 and a 52-week high of $22.57.
Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The semiconductor company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.80). Chipmos Technologies had a return on equity of 0.47% and a net margin of 0.50%.The firm had revenue of $188.55 million for the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business's revenue for the quarter was down 1.3% compared to the same quarter last year.
Chipmos Technologies announced that its board has initiated a share repurchase plan on Tuesday, September 2nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of IMOS. Envestnet Asset Management Inc. increased its holdings in shares of Chipmos Technologies by 35.4% during the first quarter. Envestnet Asset Management Inc. now owns 55,886 shares of the semiconductor company's stock valued at $941,000 after purchasing an additional 14,620 shares during the period. Wealthquest Corp acquired a new position in Chipmos Technologies during the first quarter worth about $52,000. Acadian Asset Management LLC grew its holdings in Chipmos Technologies by 14.5% during the first quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company's stock worth $4,206,000 after acquiring an additional 31,768 shares during the period. Ballentine Partners LLC grew its holdings in Chipmos Technologies by 110.7% during the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company's stock worth $576,000 after acquiring an additional 16,707 shares during the period. Finally, Signaturefd LLC grew its holdings in Chipmos Technologies by 27.0% during the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company's stock worth $402,000 after acquiring an additional 4,716 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.
About Chipmos Technologies
(
Get Free Report)
ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Chipmos Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chipmos Technologies wasn't on the list.
While Chipmos Technologies currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
