Chipmos Technologies (NASDAQ:IMOS) Sees Large Volume Increase – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS) shares saw strong trading volume on Thursday . 73,776 shares were traded during trading, an increase of 61% from the previous session’s volume of 45,899 shares.The stock last traded at $36.43 and had previously closed at $35.90.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. The business has a 50-day moving average of $37.68 and a 200-day moving average of $30.43. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 85.37 and a beta of 1.04.

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

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ABC Arbitrage SA bought a new stake in shares of Chipmos Technologies in the 3rd quarter valued at about $290,000. GAMMA Investing LLC grew its holdings in Chipmos Technologies by 131.7% during the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,629 shares during the period. Dimensional Fund Advisors LP grew its holdings in Chipmos Technologies by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock worth $2,727,000 after purchasing an additional 356 shares during the period. Goldman Sachs Group Inc. increased its position in Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after buying an additional 830 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after buying an additional 12,759 shares during the last quarter. 7.39% of the stock is 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.