ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a hold rating in a report issued on Thursday.

ChipMOS TECHNOLOGIES Stock Down 4.1 %

NASDAQ IMOS opened at $20.72 on Thursday. ChipMOS TECHNOLOGIES has a 52 week low of $20.38 and a 52 week high of $32.19. The company has a fifty day moving average of $22.59 and a two-hundred day moving average of $24.72. The firm has a market capitalization of $753.38 million, a price-to-earnings ratio of 14.49 and a beta of 0.91.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $191.70 million during the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.62% and a net margin of 7.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC lifted its stake in ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 2,611 shares during the period. Blue Trust Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd 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. Vanguard Personalized Indexing Management LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after purchasing an additional 2,319 shares during the last quarter. Caprock Group LLC bought a new stake in ChipMOS TECHNOLOGIES during the second quarter valued at about $441,000. Finally, O Shaughnessy Asset Management LLC grew its stake in ChipMOS TECHNOLOGIES by 1.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after purchasing an additional 1,592 shares during the last quarter. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

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.