Chipmos Technologies (NASDAQ:IMOS) Reaches New 12-Month High – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $52.00 and last traded at $53.3070, with a volume of 3808 shares. The stock had previously closed at $48.14.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Chipmos Technologies Stock Up 7.1%

The stock’s 50-day moving average price is $41.50 and its 200-day moving average price is $34.49. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 138.23 and a beta of 1.16.

Chipmos Technologies (NASDAQ:IMOS) last announced its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter last year, the firm earned $0.19 earnings per share. Chipmos Technologies’s quarterly revenue was up 26.2% on a year-over-year basis.

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after acquiring an additional 335 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Chipmos Technologies by 3.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after purchasing an additional 2,240 shares during the period. Rhumbline Advisers increased its stake in Chipmos Technologies by 51.4% in the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 12,759 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Chipmos Technologies by 3.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after purchasing an additional 830 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Chipmos Technologies by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock valued at $638,000 after purchasing an additional 1,028 shares during the period. 7.39% of the stock is currently owned by institutional investors.

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.