Chipmos Technologies (NASDAQ:IMOS) Sets New 1-Year High – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $32.43 and last traded at $32.5530, with a volume of 28027 shares changing hands. The stock had previously closed at $30.14.

Analysts Set New Price Targets

IMOS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chipmos Technologies in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Chipmos Technologies Price Performance

The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $27.13 and a two-hundred day moving average price of $21.38. The firm has a market cap of $1.13 billion, a P/E ratio of 200.97 and a beta of 1.04.

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

Institutional Trading of Chipmos Technologies

Institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares during the period. Westside Investment Management Inc. lifted its stake in Chipmos Technologies by 125.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 1,204 shares in the last quarter. GAMMA Investing LLC boosted its position in Chipmos Technologies by 131.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 1,629 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Chipmos Technologies by 44.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 1,890 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Chipmos Technologies in the third quarter valued at approximately $219,000. 7.39% of the stock is currently owned by 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.