StockNews.com Upgrades ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to Strong-Buy

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

ChipMOS TECHNOLOGIES Stock Down 0.1 %

Shares of NASDAQ:IMOS opened at $27.85 on Tuesday. ChipMOS TECHNOLOGIES has a 12 month low of $21.58 and a 12 month high of $32.19. The company’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $27.44. The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.01 billion, a P/E ratio of 16.88 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. The firm had revenue of $187.00 million for the quarter, compared to analyst estimates of $175.31 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 22.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IMOS. Acadian Asset Management LLC lifted its position in ChipMOS TECHNOLOGIES by 16.6% during the 3rd quarter. Acadian Asset Management LLC now owns 188,227 shares of the semiconductor company’s stock valued at $4,324,000 after purchasing an additional 26,843 shares during the period. Renaissance Group LLC lifted its position in ChipMOS TECHNOLOGIES by 31.3% during the 3rd quarter. Renaissance Group LLC now owns 98,646 shares of the semiconductor company’s stock valued at $2,274,000 after purchasing an additional 23,532 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ChipMOS TECHNOLOGIES during the 3rd quarter valued at about $228,000. Ballentine Partners LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at approximately $248,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in ChipMOS TECHNOLOGIES by 19.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 55,068 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 9,026 shares during the last quarter. 7.39% 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 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.