ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Trading Up 5.1% - Should You Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) rose 5.1% during trading on Monday . The stock traded as high as $18.24 and last traded at $19.66. Approximately 873 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 23,141 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

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

ChipMOS TECHNOLOGIES Trading Up 1.5 %

The company has a 50 day moving average of $19.24 and a 200 day moving average of $20.57. 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 capitalization of $670.88 million, a price-to-earnings ratio of 12.90 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last issued its 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). The company had revenue of $164.70 million during the quarter, compared to analysts' expectations of $175.60 million. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Large investors have recently added to or reduced their stakes in the stock. ABC Arbitrage SA purchased a new stake in ChipMOS TECHNOLOGIES in the 4th quarter valued at $393,000. Rhumbline Advisers grew its holdings in ChipMOS TECHNOLOGIES by 5.3% in the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company's stock valued at $624,000 after buying an additional 1,680 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock worth $60,000 after purchasing an additional 826 shares during the period. XY Capital Ltd purchased a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter worth $189,000. Finally, Ballentine Partners LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 11.6% during the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company's stock worth $327,000 after purchasing an additional 1,801 shares during the period. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

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.