ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded at StockNews.com

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a hold rating to a buy rating in a research report report published on Thursday morning.

ChipMOS TECHNOLOGIES Stock Down 0.7 %

Shares of IMOS stock opened at $18.70 on Thursday. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a twelve month low of $18.51 and a twelve month high of $32.19. The stock has a 50 day moving average of $20.94 and a 200 day moving average of $23.35. The stock has a market cap of $679.97 million, a P/E ratio of 13.08 and a beta of 0.86.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of large investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its position in shares of 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 buying an additional 2,319 shares in the last quarter. Caprock Group LLC acquired a new position in shares of ChipMOS TECHNOLOGIES during the second quarter valued at approximately $441,000. Ballentine Partners LLC lifted its position in shares of ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

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.