Bank of New York Mellon Corp raised its stake in Chipmos Technologies Ltd. (NASDAQ:IMOS) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 41,823 shares of the company’s stock after buying an additional 123 shares during the period. Bank of New York Mellon Corp owned 0.15% of Chipmos Technologies worth $757,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of IMOS. BlackRock Inc. raised its position in shares of Chipmos Technologies by 2,556.7% in the first quarter. BlackRock Inc. now owns 18,597 shares of the company’s stock valued at $323,000 after buying an additional 17,897 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Chipmos Technologies by 23.2% in the first quarter. JPMorgan Chase & Co. now owns 125,829 shares of the company’s stock valued at $2,187,000 after buying an additional 23,691 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Chipmos Technologies during the second quarter valued at about $2,201,000. Sensato Investors LLC raised its position in shares of Chipmos Technologies by 43.6% in the first quarter. Sensato Investors LLC now owns 316,847 shares of the company’s stock valued at $5,507,000 after buying an additional 96,218 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Chipmos Technologies by 6.1% in the first quarter. Teachers Advisors Inc. now owns 453,386 shares of the company’s stock valued at $7,880,000 after buying an additional 26,093 shares during the last quarter. Institutional investors own 61.15% of the company’s stock.
Shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) traded up 0.0179% during mid-day trading on Wednesday, reaching $19.5535. 15,555 shares of the company traded hands. The firm has a 50 day moving average of $19.78 and a 200-day moving average of $18.42. The stock has a market capitalization of $534.34 million, a PE ratio of 27.0450 and a beta of 1.07. Chipmos Technologies Ltd. has a 52 week low of $14.35 and a 52 week high of $20.78.
Chipmos Technologies (NASDAQ:IMOS) last issued its earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.10. Chipmos Technologies had a net margin of 3.30% and a return on equity of 3.42%. The company earned $146.70 million during the quarter, compared to analyst estimates of $146.60 million. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts expect that Chipmos Technologies Ltd. will post $0.65 EPS for the current fiscal year.
IMOS has been the subject of several research reports. Zacks Investment Research upgraded shares of Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, September 12th. Cowen and Company increased their price target on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th.
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.
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