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

Shares of Chipmos Technologies (NASDAQ:IMOS) reached a new 52-week high during trading on Tuesday . The company traded as high as $45.35 and last traded at $44.9350, with a volume of 13522 shares. The stock had previously closed at $42.57.

Analysts Set New Price Targets

Several brokerages have weighed in on IMOS. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chipmos Technologies has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The firm has a fifty day moving average of $30.22 and a 200 day moving average of $22.68. 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 stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 281.65 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $6.50 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year.

Institutional Investors Weigh In On Chipmos Technologies

Several hedge funds have recently modified their holdings of IMOS. Ballentine Partners LLC raised its holdings in Chipmos Technologies by 110.7% in the 2nd quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock worth $576,000 after purchasing an additional 16,707 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Chipmos Technologies by 66.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after buying an additional 27,617 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Chipmos Technologies by 5.9% in the second quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock valued at $4,795,000 after buying an additional 14,697 shares in the last quarter. Creative Planning raised its stake in shares of Chipmos Technologies by 50.3% during the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after buying an additional 15,150 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Chipmos Technologies by 27.0% during the 2nd quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 4,716 shares in the last quarter. 7.39% of the stock is owned by hedge funds and other institutional investors.

About Chipmos Technologies

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.