Chipmos Technologies (NASDAQ:IMOS) Reaches New 52-Week High – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS) reached a new 52-week high 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 Ratings Changes

A number of research analysts have recently commented on the stock. 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Chipmos Technologies Trading Up 2.8%

The company has a market capitalization of $1.33 billion, a PE ratio of 235.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The business has a fifty day moving average price of $28.09 and a 200 day moving average price of $21.80.

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

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in IMOS. Acadian Asset Management LLC increased its holdings in Chipmos Technologies by 14.5% in the 1st quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company’s stock valued at $4,206,000 after purchasing an additional 31,768 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Chipmos Technologies by 110.7% in the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock worth $576,000 after buying an additional 16,707 shares during the period. Signaturefd LLC grew its stake in shares of Chipmos Technologies by 27.0% in the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 4,716 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Chipmos Technologies by 66.4% during 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 buying an additional 27,617 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Chipmos Technologies by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

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.