Chipmos Technologies (NASDAQ:IMOS) Trading 4.9% Higher – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $57.83 and last traded at $57.31. 13,862 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 83,744 shares. The stock had previously closed at $54.64.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies has a consensus rating of “Hold”.

Chipmos Technologies Stock Down 2.0%

The business has a 50 day moving average price of $58.93 and a 200 day moving average price of $51.43. The firm has a market capitalization of $1.98 billion, a P/E ratio of 27.46 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.16. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The firm had revenue of $231.81 million during the quarter, compared to the consensus estimate of $236.95 million. During the same period in the prior year, the firm earned ($0.51) EPS. The business’s revenue was up 28.7% on a year-over-year basis.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. XY Capital Ltd bought a new stake in shares of Chipmos Technologies in the 2nd quarter valued at approximately $8,373,000. Rhumbline Advisers raised its position in shares of Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Chipmos Technologies during the 3rd quarter worth about $219,000. RBF Capital LLC bought a new stake in shares of Chipmos Technologies during the fourth quarter worth approximately $266,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Chipmos Technologies during the 2nd quarter valued at $517,000. Institutional investors own 7.39% of the company’s stock.

About Chipmos Technologies

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.