Zacks Investment Research Downgrades Chipmos Technologies Ltd. (IMOS) to Sell

Zacks Investment Research lowered shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) from a hold rating to a sell rating in a research report report published on Thursday morning.

According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “

Separately, ValuEngine raised Chipmos Technologies from a hold rating to a buy rating in a research note on Saturday, November 4th.

Shares of Chipmos Technologies (NASDAQ:IMOS) traded up $0.76 during mid-day trading on Thursday, hitting $18.58. The stock had a trading volume of 138,100 shares, compared to its average volume of 142,808. The stock has a market cap of $795.93, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.22. Chipmos Technologies has a fifty-two week low of $13.94 and a fifty-two week high of $21.99. The company has a current ratio of 2.38, a quick ratio of 2.08 and a debt-to-equity ratio of 0.47.

Chipmos Technologies (NASDAQ:IMOS) last issued its earnings results on Thursday, August 10th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $149.50 million for the quarter, compared to analysts’ expectations of $155.61 million. Chipmos Technologies had a return on equity of 9.42% and a net margin of 19.18%. analysts expect that Chipmos Technologies will post 1.01 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. Morgan Stanley increased its stake in Chipmos Technologies by 944.4% in the 1st quarter. Morgan Stanley now owns 149,303 shares of the semiconductor company’s stock valued at $2,651,000 after purchasing an additional 135,007 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Chipmos Technologies in the 1st quarter valued at approximately $1,571,000. BT Investment Management Ltd acquired a new stake in Chipmos Technologies during the 2nd quarter valued at $1,343,000. HighTower Advisors LLC acquired a new stake in Chipmos Technologies during the 2nd quarter valued at $974,000. Finally, Parallax Volatility Advisers L.P. acquired a new stake in Chipmos Technologies during the 2nd quarter valued at $395,000. 19.19% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.

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