Chipmos Technologies Ltd. (NASDAQ:IMOS) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $22.50 for the company and are forecasting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Chipmos Technologies an industry rank of 27 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently commented on IMOS shares. Zacks Investment Research upgraded Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, September 12th. Cowen and Company upped their price objective on Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th.
Several large investors have recently bought and sold shares of IMOS. Fortress Investment Group LLC raised its stake in shares of Chipmos Technologies by 439.0% in the second quarter. Fortress Investment Group LLC now owns 467,813 shares of the company’s stock worth $8,472,000 after buying an additional 381,015 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Chipmos Technologies by 5,128.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 258,513 shares of the company’s stock worth $4,493,000 after buying an additional 253,569 shares during the last quarter. FMR LLC raised its stake in shares of 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. Renaissance Technologies LLC raised its stake in shares of Chipmos Technologies by 12.0% in the first quarter. Renaissance Technologies LLC now owns 1,255,300 shares of the company’s stock worth $21,817,000 after buying an additional 134,200 shares during the last quarter. Finally, Foundry Partners LLC acquired a new stake in shares of Chipmos Technologies during the second quarter worth about $2,201,000. Hedge funds and other institutional investors own 61.30% of the company’s stock.
Chipmos Technologies (NASDAQ:IMOS) opened at 19.85 on Monday. The stock has a market capitalization of $542.44 million, a PE ratio of 27.42 and a beta of 1.18. The stock has a 50 day moving average price of $19.72 and a 200 day moving average price of $18.17. Chipmos Technologies has a 12 month low of $14.35 and a 12 month high of $20.78.
Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.10. The firm had revenue of $146.70 million for the quarter, compared to the consensus estimate of $146.60 million. Chipmos Technologies had a net margin of 3.30% and a return on equity of 3.42%. During the same period in the previous year, the company earned $0.08 earnings per share. On average, equities research analysts forecast that Chipmos Technologies will post $0.65 earnings per share for the current fiscal year.
About Chipmos Technologies
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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