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

Chipmos Technologies (NASDAQ:IMOS)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $43.78, but opened at $46.40. Chipmos Technologies shares last traded at $47.2940, with a volume of 9,076 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings cut Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Chipmos Technologies Stock Up 8.0%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.94 and a current ratio of 2.39. The stock has a market capitalization of $1.67 billion, a PE ratio of 23.11 and a beta of 1.34. The business has a 50 day moving average of $62.31 and a two-hundred day moving average of $52.92.

Chipmos Technologies (NASDAQ:IMOS) last posted its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.16. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%. The company had revenue of $231.81 million for the quarter, compared to analyst estimates of $236.95 million. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IMOS. TD Waterhouse Canada Inc. raised its stake in shares of Chipmos Technologies by 2.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,201 shares of the semiconductor company’s stock worth $593,000 after acquiring an additional 224 shares in the last quarter. Ascent Group LLC grew its holdings in Chipmos Technologies by 9.1% in the third quarter. Ascent Group LLC now owns 3,556 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 296 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after purchasing an additional 335 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Chipmos Technologies by 4.0% during the third quarter. Ritholtz Wealth Management now owns 9,309 shares of the semiconductor company’s stock worth $668,000 after purchasing an additional 360 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Chipmos Technologies by 163.0% during the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc (NASDAQ: IMOS) is a semiconductor assembly and testing services provider. The company operates in the outsourced semiconductor assembly and test (OSAT) industry, supporting integrated-circuit manufacturers and other customers with back-end semiconductor production services.

Its services include wafer probing and sorting, wafer bumping, semiconductor assembly, final testing, and related engineering and production support. ChipMOS serves a range of semiconductor applications, including memory products, display driver integrated circuits, logic and mixed-signal devices, and other components used in consumer electronics, communications equipment, and computing products.

ChipMOS is headquartered in Taiwan and has developed its manufacturing and testing operations in Taiwan and other parts of Asia.