Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – Should You Buy?

Shares of Chipmos Technologies (NASDAQ:IMOS) gapped up prior to trading on Friday . The stock had previously closed at $33.24, but opened at $36.15. Chipmos Technologies shares last traded at $36.0410, with a volume of 20,789 shares.

Analyst Ratings Changes

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

Chipmos Technologies Stock Up 8.1%

The company has a market cap of $1.27 billion, a PE ratio of 224.63 and a beta of 1.04. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $27.78 and a 200-day moving average of $21.64.

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

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. GAMMA Investing LLC raised its position in Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after buying an additional 410 shares during the last quarter. Allworth Financial LP grew its stake in shares of Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares during the period. Bank of America Corp DE raised its position in shares of Chipmos Technologies by 10.0% during the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 1,185 shares during the period. Westside Investment Management Inc. raised its holdings in Chipmos Technologies by 125.5% during the third 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 during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Chipmos Technologies by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors own 7.39% of the company’s stock.

About Chipmos Technologies

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.