ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a hold rating in a research note published on Thursday morning.

ChipMOS TECHNOLOGIES Stock Performance

IMOS traded down $0.95 during mid-day trading on Thursday, reaching $20.66. The stock had a trading volume of 20,884 shares, compared to its average volume of 18,591. The stock has a market capitalization of $751.24 million, a P/E ratio of 14.69 and a beta of 0.91. The firm’s fifty day simple moving average is $22.65 and its two-hundred day simple moving average is $24.82. ChipMOS TECHNOLOGIES has a 52 week low of $20.38 and a 52 week high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. The firm had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at $42,000. HBK Sorce Advisory LLC acquired a new stake in ChipMOS TECHNOLOGIES during the 1st quarter worth $201,000. Blue Trust Inc. raised its stake in ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after buying an additional 7,973 shares during the period. Ballentine Partners LLC raised its stake in ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after buying an additional 2,611 shares during the period. Finally, Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES during the 2nd quarter worth $441,000. 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.