12,087 Shares of Chipmos Technologies $IMOS Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Chipmos Technologies (NASDAQ:IMOS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 12,087 shares of the semiconductor company’s stock, valued at approximately $867,000.

Several other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Chipmos Technologies by 163.0% in the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 494 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Chipmos Technologies in the 2nd quarter valued at $235,000. GAMMA Investing LLC boosted its position in Chipmos Technologies by 21.9% in the third quarter. GAMMA Investing LLC now owns 4,100 shares of the semiconductor company’s stock valued at $294,000 after buying an additional 737 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of Chipmos Technologies during the second quarter worth approximately $339,000. Finally, Engineers Gate Manager LP bought a new position in shares of Chipmos Technologies in the second quarter valued at approximately $373,000. Institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Price Performance

Chipmos Technologies stock opened at $43.78 on Monday. The business’s fifty day moving average is $62.31 and its two-hundred day moving average is $52.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.94 and a current ratio of 2.39. The firm has a market cap of $1.54 billion, a P/E ratio of 21.41 and a beta of 1.34. Chipmos Technologies has a 52 week low of $21.40 and a 52 week high of $83.84.

Chipmos Technologies (NASDAQ:IMOS) last announced its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.16. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%. The company had revenue of $231.81 million during the quarter, compared to analyst estimates of $236.95 million. During the same period last year, the company posted ($0.51) earnings per share. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Chipmos Technologies

ChipMOS Technologies Inc (NASDAQ: IMOS) is a semiconductor assembly and testing services provider. The company operates in the outsourced semiconductor assembly and test (OSAT) industry, supporting integrated-circuit manufacturers and other customers with back-end semiconductor production services.

Its services include wafer probing and sorting, wafer bumping, semiconductor assembly, final testing, and related engineering and production support. ChipMOS serves a range of semiconductor applications, including memory products, display driver integrated circuits, logic and mixed-signal devices, and other components used in consumer electronics, communications equipment, and computing products.

ChipMOS is headquartered in Taiwan and has developed its manufacturing and testing operations in Taiwan and other parts of Asia.