ChipMOS Technologies (NASDAQ:IMOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “

Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of ChipMOS Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. BidaskClub downgraded shares of ChipMOS Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th.

ChipMOS Technologies (IMOS) opened at $16.45 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.08 and a current ratio of 2.38. The company has a market cap of $704.69, a price-to-earnings ratio of 6.23, a P/E/G ratio of 2.46 and a beta of 0.26. ChipMOS Technologies has a 12 month low of $15.25 and a 12 month high of $21.99.

ChipMOS Technologies (NASDAQ:IMOS) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The firm had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.00 million. ChipMOS Technologies had a return on equity of 9.42% and a net margin of 19.18%. analysts expect that ChipMOS Technologies will post 0.81 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in ChipMOS Technologies in the fourth quarter valued at $241,000. Arrowstreet Capital Limited Partnership lifted its position in ChipMOS Technologies by 550.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 112,660 shares of the semiconductor company’s stock valued at $1,988,000 after acquiring an additional 95,347 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in ChipMOS Technologies by 609.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,770 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 9,251 shares during the last quarter. Foundry Partners LLC lifted its position in ChipMOS Technologies by 3.3% in the fourth quarter. Foundry Partners LLC now owns 161,655 shares of the semiconductor company’s stock valued at $2,853,000 after acquiring an additional 5,157 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in ChipMOS Technologies by 19.8% in the third quarter. Dimensional Fund Advisors LP now owns 110,998 shares of the semiconductor company’s stock valued at $2,144,000 after acquiring an additional 18,335 shares during the last quarter. 16.39% of the stock is owned by hedge funds and other institutional investors.

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About ChipMOS Technologies

ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.

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