ChipMOS Technologies (IMOS) Upgraded at ValuEngine

ChipMOS Technologies (NASDAQ:IMOS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Separately, BidaskClub raised shares of ChipMOS Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th.

NASDAQ IMOS traded up $1.40 during trading on Thursday, hitting $14.49. 51,900 shares of the company’s stock traded hands, compared to its average volume of 50,597. The company has a market cap of $524.67 million, a PE ratio of 15.25 and a beta of 0.48. ChipMOS Technologies has a 12-month low of $12.26 and a 12-month high of $20.75. The company has a quick ratio of 2.06, a current ratio of 2.48 and a debt-to-equity ratio of 0.41.

ChipMOS Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.07). The business had revenue of $147.60 million for the quarter, compared to analysts’ expectations of $145.24 million. ChipMOS Technologies had a net margin of 2.71% and a return on equity of 2.91%. ChipMOS Technologies’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC purchased a new stake in ChipMOS Technologies during the second quarter valued at about $161,000. Wells Fargo & Company MN lifted its holdings in ChipMOS Technologies by 34,065.9% during the first quarter. Wells Fargo & Company MN now owns 103,181 shares of the semiconductor company’s stock valued at $1,636,000 after purchasing an additional 102,879 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in ChipMOS Technologies by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 119,594 shares of the semiconductor company’s stock valued at $1,896,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in ChipMOS Technologies by 9.7% during the second quarter. Foundry Partners LLC now owns 188,930 shares of the semiconductor company’s stock valued at $2,859,000 after purchasing an additional 16,629 shares during the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.

About ChipMOS Technologies

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated circuits, and related assembly and testing services. It provides a range of back-end assembly and test services, including engineering test, wafer probing and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other flat-panel display driver semiconductors.

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