Zacks Investment Research cut shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) from a hold rating to a sell rating in a report published on Thursday morning.

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. “

Separately, ValuEngine raised shares of Chipmos Technologies from a hold rating to a buy rating in a research report on Saturday, November 4th.

Chipmos Technologies (NASDAQ IMOS) opened at $18.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.85 and a current ratio of 2.09. Chipmos Technologies has a 12-month low of $13.94 and a 12-month high of $21.99. The company has a market cap of $795.93, a PE ratio of 14.75, a PEG ratio of 1.84 and a beta of 0.22.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Thursday, August 10th. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Chipmos Technologies had a return on equity of 9.56% and a net margin of 19.18%. The company had revenue of $149.50 million for the quarter, compared to the consensus estimate of $155.61 million. research analysts forecast that Chipmos Technologies will post 1.01 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. FDx Advisors Inc. bought a new position in Chipmos Technologies in the third quarter worth about $248,000. Foundry Partners LLC lifted its holdings in Chipmos Technologies by 7.5% in the third quarter. Foundry Partners LLC now owns 156,498 shares of the semiconductor company’s stock worth $3,024,000 after acquiring an additional 10,969 shares during the last quarter. State Street Corp lifted its holdings in Chipmos Technologies by 16.8% in the second quarter. State Street Corp now owns 35,637 shares of the semiconductor company’s stock worth $705,000 after acquiring an additional 5,128 shares during the last quarter. Group One Trading L.P. bought a new position in Chipmos Technologies in the second quarter worth about $113,000. Finally, HighTower Advisors LLC bought a new position in Chipmos Technologies in the second quarter worth about $974,000. 19.31% of the stock is currently owned by institutional investors and hedge funds.

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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