Chipmos Technologies Ltd. (NASDAQ:IMOS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “

Shares of Chipmos Technologies (NASDAQ IMOS) traded down 0.84% during midday trading on Thursday, hitting $16.62. 191,174 shares of the company were exchanged. Chipmos Technologies has a one year low of $13.94 and a one year high of $21.99. The firm’s 50 day moving average price is $19.29 and its 200 day moving average price is $18.13.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. Chipmos Technologies had a net margin of 19.20% and a return on equity of 9.74%. The firm had revenue of $149.50 million during the quarter, compared to the consensus estimate of $155.61 million. On average, equities research analysts expect that Chipmos Technologies will post $0.68 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. BT Investment Management Ltd bought a new position in Chipmos Technologies during the second quarter worth about $1,343,000. Renaissance Group LLC increased its position in Chipmos Technologies by 11.9% in the second quarter. Renaissance Group LLC now owns 19,643 shares of the semiconductor company’s stock worth $388,000 after buying an additional 2,085 shares during the last quarter. Airain ltd bought a new position in Chipmos Technologies during the second quarter worth about $242,000. Foundry Partners LLC increased its position in Chipmos Technologies by 7.7% in the second quarter. Foundry Partners LLC now owns 145,529 shares of the semiconductor company’s stock worth $2,877,000 after buying an additional 10,453 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Chipmos Technologies during the first quarter worth about $663,000. Institutional investors own 23.10% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.

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