ChipMOS Technologies (NASDAQ:IMOS) Lifted to “Buy” at BidaskClub

ChipMOS Technologies (NASDAQ:IMOS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, April 11th, BidAskClub reports.

Shares of IMOS traded up $0.27 on Thursday, hitting $17.63. The company’s stock had a trading volume of 3,145 shares, compared to its average volume of 13,370. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.27 and a quick ratio of 1.93. ChipMOS Technologies has a fifty-two week low of $12.26 and a fifty-two week high of $18.99. The company has a market capitalization of $641.22 million, a P/E ratio of 18.01 and a beta of 0.47.

ChipMOS Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Thursday, March 7th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. ChipMOS Technologies had a net margin of 5.91% and a return on equity of 6.01%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Group LLC boosted its stake in shares of ChipMOS Technologies by 4.2% during the 1st quarter. Renaissance Group LLC now owns 44,237 shares of the semiconductor company’s stock worth $747,000 after buying an additional 1,801 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ChipMOS Technologies by 8.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 144,243 shares of the semiconductor company’s stock worth $2,211,000 after buying an additional 11,135 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of ChipMOS Technologies by 1,326.5% during the 4th quarter. Parallel Advisors LLC now owns 13,224 shares of the semiconductor company’s stock worth $221,000 after buying an additional 12,297 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of ChipMOS Technologies by 0.9% in the 3rd quarter. Renaissance Technologies LLC now owns 1,680,445 shares of the semiconductor company’s stock valued at $25,761,000 after purchasing an additional 14,900 shares during the period. Finally, Foundry Partners LLC raised its holdings in shares of ChipMOS Technologies by 8.8% in the 1st quarter. Foundry Partners LLC now owns 197,176 shares of the semiconductor company’s stock valued at $3,328,000 after purchasing an additional 15,995 shares during the period. 6.18% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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