ChipMOS TECHNOLOGIES (IMOS) Downgraded by ValuEngine

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised ChipMOS TECHNOLOGIES from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised ChipMOS TECHNOLOGIES from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th.

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Shares of NASDAQ IMOS opened at $15.44 on Tuesday. The company has a market capitalization of $668.27, a P/E ratio of 16.25 and a beta of 0.32. ChipMOS TECHNOLOGIES has a 52 week low of $15.41 and a 52 week high of $21.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.13 and a quick ratio of 1.84.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings results on Thursday, March 15th. The semiconductor company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $146.20 million. ChipMOS TECHNOLOGIES had a return on equity of 6.64% and a net margin of 16.77%. During the same quarter in the previous year, the business posted $0.44 EPS.

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in ChipMOS TECHNOLOGIES during the fourth quarter worth approximately $214,000. Deutsche Bank AG boosted its position in ChipMOS TECHNOLOGIES by 3,134.5% during the fourth quarter. Deutsche Bank AG now owns 6,469 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 6,269 shares during the period. Citadel Advisors LLC bought a new stake in ChipMOS TECHNOLOGIES during the fourth quarter worth approximately $241,000. Arrowstreet Capital Limited Partnership boosted its position in ChipMOS TECHNOLOGIES by 550.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 112,660 shares of the semiconductor company’s stock worth $1,988,000 after purchasing an additional 95,347 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in ChipMOS TECHNOLOGIES by 609.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,770 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 9,251 shares during the period. 11.47% of the stock is owned by hedge funds and other institutional investors.

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About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated circuits, and related assembly and testing services. The company provides a range of back-end assembly and test services, including engineering test, wafer probing, and final test services, as well as lead frame and organic substrate based package assembly services for memory and logic/mixed-signal semiconductors; memory modules; and gold bumping, assembly, and test services for LCD and other flat-panel display driver semiconductors.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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