Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – What’s Next?

Chipmos Technologies (NASDAQ:IMOS) shares gapped up before the market opened on Monday . The stock had previously closed at $45.60, but opened at $48.24. Chipmos Technologies shares last traded at $48.86, with a volume of 13,275 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IMOS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen raised shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Chipmos Technologies Stock Up 1.3%

The company has a market capitalization of $1.96 billion, a P/E ratio of 127.44 and a beta of 1.16. 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 50 day moving average price of $41.11 and a 200 day moving average price of $34.22.

Chipmos Technologies (NASDAQ:IMOS) last released its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS.

Institutional Investors Weigh In On Chipmos Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. Allworth Financial LP raised its stake in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares during the period. Farther Finance Advisors LLC raised its stake in Chipmos Technologies by 16,828.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,178 shares during the period. Westside Investment Management Inc. raised its stake in Chipmos Technologies by 125.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 1,204 shares during the period. Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies in the 4th quarter valued at about $54,000. Finally, GAMMA Investing LLC raised its stake in Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 410 shares during the period. 7.39% of the stock is currently owned by institutional investors.

Chipmos Technologies Company Profile

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.