Chipmos Technologies (NASDAQ:IMOS) Reaches New 52-Week High – Still a Buy?

Chipmos Technologies (NASDAQ:IMOS) hit a new 52-week high on Friday. The company traded as high as $78.45 and last traded at $79.66, with a volume of 14760 shares changing hands. The stock had previously closed at $72.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The firm’s 50-day moving average price is $57.26 and its two-hundred day moving average price is $54.96. The firm has a market capitalization of $2.84 billion, a PE ratio of 39.25 and a beta of 1.24. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.45.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.64 by $0.16. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.19%. The business had revenue of $231.81 million during the quarter, compared to the consensus estimate of $236.95 million. During the same quarter in the prior year, the firm earned ($0.51) EPS. The firm’s quarterly revenue was up 28.7% on a year-over-year basis.

Hedge Funds Weigh In On Chipmos Technologies

A number of large investors have recently made changes to their positions in the business. XY Capital Ltd acquired a new stake in shares of Chipmos Technologies during the second quarter worth approximately $8,373,000. Dimensional Fund Advisors LP lifted its position in Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after buying an additional 335 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Chipmos Technologies during the 2nd quarter valued at $517,000. Engineers Gate Manager LP acquired a new position in shares of Chipmos Technologies in the second quarter worth $373,000. Finally, Foster Group Inc. acquired a new position in shares of Chipmos Technologies in the second quarter worth $339,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan-based semiconductor assembly and testing company that provides outsourced semiconductor packaging and testing services. The company supports integrated-circuit manufacturers and electronics companies by handling portions of the back-end semiconductor production process, including wafer testing, assembly, packaging, and final testing.

Its service and product offerings include packaging and testing for memory, logic, mixed-signal, and display driver integrated circuits.