Chipmos Technologies (NASDAQ:IMOS) Reaches New 12-Month High – Still a Buy?

Chipmos Technologies (NASDAQ:IMOS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $37.21 and last traded at $37.3250, with a volume of 24893 shares traded. The stock had previously closed at $36.60.

Analyst Upgrades and Downgrades

IMOS has been the subject of several recent research reports. Wall Street Zen raised shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Weiss Ratings raised shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Chipmos Technologies Stock Down 2.0%

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 231.31 and a beta of 1.04. The business’s 50 day moving average is $28.73 and its 200-day moving average is $22.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $6.50 billion. During the same period last year, the firm posted $0.26 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year.

Institutional Investors Weigh In On Chipmos Technologies

Several large investors have recently bought and sold shares of the company. Ballentine Partners LLC increased its position in shares of Chipmos Technologies by 110.7% during the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock worth $576,000 after purchasing an additional 16,707 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Chipmos Technologies by 66.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after purchasing an additional 27,617 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Chipmos Technologies by 5.9% during the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after purchasing an additional 14,697 shares during the last quarter. Creative Planning grew its holdings in shares of Chipmos Technologies by 50.3% during the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after buying an additional 15,150 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Chipmos Technologies by 27.0% during the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock worth $402,000 after buying an additional 4,716 shares in the last quarter. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.