StockNews.com downgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Free Report) from a buy rating to a hold rating in a report released on Friday morning.
ChipMOS TECHNOLOGIES Stock Performance
Shares of IMOS traded up $0.38 during mid-day trading on Friday, hitting $19.11. 27,675 shares of the company's stock were exchanged, compared to its average volume of 20,037. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a 52 week low of $18.20 and a 52 week high of $32.19. The stock's 50-day simple moving average is $20.58 and its 200-day simple moving average is $23.13. The firm has a market cap of $694.88 million, a price-to-earnings ratio of 13.36 and a beta of 0.86.
ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. The firm had revenue of $191.70 million during the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%.
Institutional Investors Weigh In On ChipMOS TECHNOLOGIES
Large investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company's stock worth $221,000 after acquiring an additional 1,440 shares in the last quarter. Ballentine Partners LLC increased its position in ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company's stock worth $364,000 after purchasing an additional 2,611 shares in the last quarter. Caprock Group LLC bought a new position in ChipMOS TECHNOLOGIES in the 2nd quarter valued at approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in 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 valued at $1,431,000 after buying an additional 2,319 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company's stock.
About ChipMOS TECHNOLOGIES
(
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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.
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