ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Cut to Hold at StockNews.com

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

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS opened at $19.11 on Friday. 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 firm has a market cap of $694.88 million, a PE ratio of 13.36 and a beta of 0.86. ChipMOS TECHNOLOGIES has a twelve month low of $18.20 and a twelve month high of $32.19. The firm’s 50 day moving average price is $20.51 and its 200 day moving average price is $23.05.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. The business had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 1,440 shares during the last quarter. Ballentine Partners LLC boosted its holdings in ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 2,611 shares during the period. Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES in the 2nd quarter valued at approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in ChipMOS TECHNOLOGIES by 4.4% in 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. Institutional investors and hedge funds own 7.39% of the company’s stock.

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.