ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded to “Buy” at StockNews.com

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

ChipMOS TECHNOLOGIES Stock Down 2.1 %

NASDAQ:IMOS traded down $0.40 during mid-day trading on Thursday, hitting $18.84. The stock had a trading volume of 32,274 shares, compared to its average volume of 19,729. ChipMOS TECHNOLOGIES has a twelve month low of $18.74 and a twelve month high of $32.19. The stock has a 50-day simple moving average of $21.03 and a two-hundred day simple moving average of $23.44. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $685.06 million, a PE ratio of 13.17 and a beta of 0.86.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. The business had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES during the second quarter worth approximately $441,000. Blue Trust Inc. grew its position in shares of ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 7,973 shares during the last quarter. Ballentine Partners LLC raised its stake in ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in ChipMOS TECHNOLOGIES by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after acquiring an additional 2,319 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

About ChipMOS TECHNOLOGIES

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.