ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 12-Month Low – Here’s Why

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares hit a new 52-week low on Friday . The company traded as low as $18.11 and last traded at $18.13, with a volume of 22772 shares trading hands. The stock had previously closed at $18.68.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

ChipMOS TECHNOLOGIES Trading Down 2.9 %

The firm’s 50-day simple moving average is $19.56 and its 200 day simple moving average is $22.28. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $659.24 million, a P/E ratio of 12.68 and a beta of 0.86.

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

Institutional Inflows and Outflows

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

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.