Chipmos Technologies Ltd. (NASDAQ:IMOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “ChipMOS Technologies is an independent provider of total semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers and foundries. They provide a broad range of back-end testing services for high density memory, mixed-signal and liquid crystal display driver semiconductors. “

Separately, Cowen and Company upped their price objective on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th.

Shares of Chipmos Technologies (NASDAQ:IMOS) opened at 15.40 on Monday. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00. Chipmos Technologies has a 12-month low of $14.00 and a 12-month high of $19.10.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.22. The company had revenue of $160.40 million for the quarter, compared to analyst estimates of $157.20 million. Chipmos Technologies had a return on equity of 4.24% and a net margin of 2.29%. During the same quarter in the prior year, the company earned $0.48 earnings per share. Equities research analysts expect that Chipmos Technologies will post $0.68 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of IMOS. Jefferies Group LLC raised its stake in Chipmos Technologies by 64.0% in the second quarter. Jefferies Group LLC now owns 128,629 shares of the company’s stock worth $2,329,000 after buying an additional 50,191 shares during the last quarter. Hsbc Holdings PLC raised its stake in Chipmos Technologies by 0.7% in the second quarter. Hsbc Holdings PLC now owns 15,081 shares of the company’s stock worth $273,000 after buying an additional 99 shares during the last quarter. FMR LLC raised its stake in Chipmos Technologies by 17.7% in the second quarter. FMR LLC now owns 1,502,102 shares of the company’s stock worth $27,203,000 after buying an additional 226,274 shares during the last quarter. Lorem Ipsum Management LLC acquired a new stake in Chipmos Technologies during the second quarter worth $906,000. Finally, PNC Financial Services Group Inc. raised its stake in Chipmos Technologies by 551.8% in the second quarter. PNC Financial Services Group Inc. now owns 124,366 shares of the company’s stock worth $2,252,000 after buying an additional 105,286 shares during the last quarter. 62.63% of the stock is currently owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan, and for memory and logic/mixed-signal products in Taiwan and Mainland China.

5 Day Chart for NASDAQ:IMOS

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