ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded by StockNews.com to “Strong-Buy”

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

ChipMOS TECHNOLOGIES Stock Down 0.9 %

IMOS opened at $24.20 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. ChipMOS TECHNOLOGIES has a fifty-two week low of $21.58 and a fifty-two week high of $32.19. The firm’s fifty day moving average is $26.66 and its 200 day moving average is $27.93. The stock has a market cap of $879.91 million, a price-to-earnings ratio of 13.08 and a beta of 0.88.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $169.70 million for the quarter, compared to the consensus estimate of $163.30 million. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. ChipMOS TECHNOLOGIES’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. Ballentine Partners LLC bought a new stake in shares of ChipMOS TECHNOLOGIES in the 4th quarter worth about $248,000. Blue Trust Inc. bought a new position in ChipMOS TECHNOLOGIES during the 4th quarter valued at about $94,000. QRG Capital Management Inc. bought a new position in ChipMOS TECHNOLOGIES during the 4th quarter valued at about $220,000. Quadrant Capital Group LLC grew its holdings in ChipMOS TECHNOLOGIES by 9.2% during the 4th quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 3,445 shares during the last quarter. Finally, Renaissance Group LLC grew its holdings in ChipMOS TECHNOLOGIES by 6.7% during the 4th quarter. Renaissance Group LLC now owns 105,227 shares of the semiconductor company’s stock valued at $2,863,000 after purchasing an additional 6,581 shares during the last quarter. 7.39% of the stock is currently owned by institutional investors.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.