Chipmos Technologies Ltd. (NASDAQ:IMOS) shares fell 1.3% on Tuesday . The stock traded as low as $17.16 and last traded at $17.23, with a volume of 56,064 shares changing hands. 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 on the stock in a research report on Tuesday, May 17th.

The firm’s 50-day moving average is $18.22 and its 200 day moving average is $17.71. The stock has a market cap of $469.92 million and a PE ratio of 22.89.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The company earned $146.80 million during the quarter, compared to analysts’ expectations of $140.25 million. Equities analysts expect that Chipmos Technologies Ltd. will post $0.42 earnings per share for the current year.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. 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 valued at $1,447,000 after buying an additional 7,506 shares during the last quarter. 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 valued at $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 valued at $5,672,000 after buying an additional 2,728 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 valued at $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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