BidaskClub upgraded shares of ChipMOS Technologies (NASDAQ:IMOS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.
Shares of IMOS opened at $16.92 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 1.95 and a debt-to-equity ratio of 0.50. The company has a market cap of $615.38 million, a PE ratio of 18.28 and a beta of 0.47. ChipMOS Technologies has a 12 month low of $12.26 and a 12 month high of $18.41.
ChipMOS Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.09. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. ChipMOS Technologies had a net margin of 5.91% and a return on equity of 6.00%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of IMOS. Dimensional Fund Advisors LP boosted its position in shares of ChipMOS Technologies by 8.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 144,243 shares of the semiconductor company’s stock worth $2,211,000 after acquiring an additional 11,135 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of ChipMOS Technologies by 0.9% during the 3rd quarter. Renaissance Technologies LLC now owns 1,680,445 shares of the semiconductor company’s stock worth $25,761,000 after acquiring an additional 14,900 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of ChipMOS Technologies by 1,326.5% during the 4th quarter. Parallel Advisors LLC now owns 13,224 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 12,297 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. acquired a new stake in shares of ChipMOS Technologies during the 4th quarter worth approximately $519,000. Institutional investors and hedge funds own 6.14% of the company’s stock.
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. It provides a range of back-end assembly and test services, including engineering test, wafer probing and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other flat-panel display driver semiconductors.
Further Reading: Asset Allocation
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