Chipmos Technologies (NASDAQ:IMOS) Hits New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research firms have commented on IMOS. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Stock Up 12.2%

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 company has a market cap of $1.90 billion, a price-to-earnings ratio of 125.58 and a beta of 1.16. The firm’s fifty day simple moving average is $40.29 and its 200 day simple moving average is $33.72.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 587 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 1,204 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Chipmos Technologies during the fourth quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

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.