Zacks Investment Research Downgrades ChipMOS Technologies (IMOS) to Sell

Zacks Investment Research cut shares of ChipMOS Technologies (NASDAQ:IMOS) from a hold rating to a sell rating in a research note issued to investors on Saturday.

According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “

A number of other brokerages have also issued reports on IMOS. ValuEngine raised ChipMOS Technologies from a hold rating to a buy rating in a research report on Saturday, November 4th. BidaskClub lowered ChipMOS Technologies from a sell rating to a strong sell rating in a research report on Thursday, January 11th.

ChipMOS Technologies (NASDAQ IMOS) opened at $16.28 on Friday. ChipMOS Technologies has a 52-week low of $15.25 and a 52-week high of $21.99. The stock has a market capitalization of $704.68, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 2.46 and a beta of 0.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 2.08.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Foundry Partners LLC increased its holdings in shares of ChipMOS Technologies by 3.3% in the 4th quarter. Foundry Partners LLC now owns 161,655 shares of the semiconductor company’s stock valued at $2,853,000 after acquiring an additional 5,157 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of ChipMOS Technologies by 550.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 112,660 shares of the semiconductor company’s stock valued at $1,988,000 after acquiring an additional 95,347 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ChipMOS Technologies by 19.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 110,998 shares of the semiconductor company’s stock valued at $2,144,000 after acquiring an additional 18,335 shares during the last quarter. State Street Corp increased its holdings in shares of ChipMOS Technologies by 16.8% in the 2nd quarter. State Street Corp now owns 35,637 shares of the semiconductor company’s stock valued at $705,000 after acquiring an additional 5,128 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in shares of ChipMOS Technologies in the 2nd quarter valued at approximately $370,000. 16.39% of the stock is currently owned by institutional investors.

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ChipMOS Technologies Company Profile

ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.

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