ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase - Time to Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 21,138 shares traded hands during mid-day trading, a decline of 1% from the previous session's volume of 21,406 shares.The stock last traded at $15.90 and had previously closed at $15.82.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a "buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Stock Performance

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 $595.25 million, a PE ratio of 11.45 and a beta of 0.94. The company's 50 day simple moving average is $17.20 and its 200 day simple moving average is $19.00.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company had revenue of $164.70 million for the quarter, compared to analysts' expectations of $175.60 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company's revenue for the quarter was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently modified their holdings of the stock. Wealthquest Corp purchased a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth approximately $52,000. Lindbrook Capital LLC boosted its holdings in ChipMOS TECHNOLOGIES by 34.8% in the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock worth $60,000 after buying an additional 826 shares during the period. JPMorgan Chase & Co. boosted its holdings in ChipMOS TECHNOLOGIES by 761.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock worth $77,000 after buying an additional 3,609 shares during the period. Tower Research Capital LLC TRC boosted its holdings in ChipMOS TECHNOLOGIES by 1,000.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock worth $104,000 after buying an additional 5,000 shares during the period. Finally, Bank of America Corp DE boosted its holdings in ChipMOS TECHNOLOGIES by 8.6% in the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock worth $162,000 after buying an additional 679 shares during the period. Hedge funds and other institutional investors own 7.39% of the company's stock.

About ChipMOS TECHNOLOGIES

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.