ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 1-Year Low – Should You Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $19.19 and last traded at $19.47, with a volume of 26828 shares changing hands. The stock had previously closed at $19.52.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

ChipMOS TECHNOLOGIES Stock Performance

The stock has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $24.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The stock has a market cap of $710.11 million, a price-to-earnings ratio of 13.65 and a beta of 0.91.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $191.70 million for the quarter.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its stake in ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after purchasing an additional 1,592 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 2,319 shares in the last quarter. Caprock Group LLC bought a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at $441,000. Ballentine Partners LLC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of ChipMOS TECHNOLOGIES by 18.0% during the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 1,440 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.