ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase - Should You Buy?

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw unusually-high trading volume on Friday . Approximately 26,892 shares changed hands during trading, an increase of 13% from the previous session's volume of 23,860 shares.The stock last traded at $18.27 and had previously closed at $18.65.

Analyst Upgrades and Downgrades

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

ChipMOS TECHNOLOGIES Stock Performance

The stock's 50-day simple moving average is $19.29 and its 200-day simple moving average is $20.64. The stock has a market cap of $635.61 million, a price-to-earnings ratio of 12.22 and a beta of 0.90. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

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 net margin of 7.25% and a return on equity of 6.66%. The company had revenue of $164.70 million during the quarter, compared to the consensus estimate of $175.60 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company's quarterly revenue was down 5.7% on a year-over-year basis.

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ChipMOS TECHNOLOGIES declared that its Board of Directors has approved a share buyback program on Tuesday, January 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IMOS. Parvin Asset Management LLC acquired a new stake in ChipMOS TECHNOLOGIES during the fourth quarter worth about $505,000. ABC Arbitrage SA bought a new position in ChipMOS TECHNOLOGIES in the fourth quarter valued at approximately $393,000. XY Capital Ltd acquired a new position in ChipMOS TECHNOLOGIES during the fourth quarter valued at approximately $189,000. Tower Research Capital LLC TRC lifted its stake in ChipMOS TECHNOLOGIES by 1,000.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock worth $104,000 after purchasing an additional 5,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of ChipMOS TECHNOLOGIES by 761.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 3,609 shares in the last quarter. Institutional investors and hedge funds 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.