ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Unusually-High Trading Volume - Should You Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) shares saw an uptick in trading volume on Friday . 42,508 shares traded hands during trading, an increase of 71% from the previous session's volume of 24,839 shares.The stock last traded at $20.70 and had previously closed at $20.72.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a "buy" rating to a "hold" rating in a research note on Tuesday.

ChipMOS TECHNOLOGIES Price Performance

The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The firm has a market cap of $746.83 million, a price-to-earnings ratio of 14.36 and a beta of 0.86. The company has a 50 day moving average of $19.13 and a 200 day moving average of $21.67.

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

ChipMOS TECHNOLOGIES announced that its board has initiated a stock buyback plan on Tuesday, January 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

An institutional investor recently raised its position in ChipMOS TECHNOLOGIES stock. Blue Trust Inc. grew its holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Free Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,429 shares of the semiconductor company's stock after purchasing an additional 1,440 shares during the period. Blue Trust Inc.'s holdings in ChipMOS TECHNOLOGIES were worth $221,000 at the end of the most recent 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.