ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded at StockNews.com

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

ChipMOS TECHNOLOGIES Price Performance

Shares of NASDAQ IMOS traded down $0.42 during mid-day trading on Monday, hitting $17.71. 23,441 shares of the stock were exchanged, compared to its average volume of 21,506. ChipMOS TECHNOLOGIES has a twelve month low of $17.70 and a twelve month high of $32.19. The stock’s fifty day simple moving average is $19.48 and its two-hundred day simple moving average is $22.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The company has a market cap of $643.97 million, a P/E ratio of 12.38 and a beta of 0.86.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $191.70 million for the quarter.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 1,440 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 2,611 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 2,319 shares during the period. 7.39% of the stock is owned by institutional investors.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.