Chipmos Technologies Ltd. (NASDAQ:IMOS)’s share price traded down 1.3% during mid-day trading on Tuesday . The company traded as low as $17.16 and last traded at $17.23, with a volume of 56,064 shares. The stock had previously closed at $17.46.

Separately, Zacks Investment Research raised shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Tuesday, May 17th.

The firm has a market capitalization of $469.10 million and a price-to-earnings ratio of 22.85. The firm’s 50-day moving average price is $18.27 and its 200 day moving average price is $17.72.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Thursday, May 12th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.11. The company earned $146.80 million during the quarter, compared to analyst estimates of $140.25 million. On average, analysts expect that Chipmos Technologies Ltd. will post $0.42 EPS for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of the stock. California Public Employees Retirement System boosted its position in Chipmos Technologies by 4.3% in the fourth quarter. California Public Employees Retirement System now owns 102,300 shares of the company’s stock worth $2,026,000 after buying an additional 4,200 shares during the last quarter. Seizert Capital Partners LLC boosted its position in Chipmos Technologies by 1.0% in the fourth quarter. Seizert Capital Partners LLC now owns 286,504 shares of the company’s stock worth $5,672,000 after buying an additional 2,728 shares during the last quarter. Connective Capital Management LLC boosted its position in Chipmos Technologies by 11.4% in the fourth quarter. Connective Capital Management LLC now owns 73,081 shares of the company’s stock worth $1,447,000 after buying an additional 7,506 shares during the last quarter. Finally, Morgan Stanley boosted its position in Chipmos Technologies by 293.5% in the fourth quarter. Morgan Stanley now owns 483,828 shares of the company’s stock worth $9,580,000 after buying an additional 360,872 shares during the last quarter.

ChipMOS TECHNOLOGIES (Bermuda) LTD. is a provider of semiconductor testing and assembly services. The Company is a provider of testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan and for memory and logic/mixed-signal products in Taiwan and Mainland China.

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