ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 52-Week Low – What’s Next?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) reached a new 52-week low during trading on Wednesday . The company traded as low as $21.19 and last traded at $21.19, with a volume of 332 shares. The stock had previously closed at $22.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

ChipMOS TECHNOLOGIES Price Performance

The stock’s 50-day moving average price is $22.72 and its 200 day moving average price is $24.87. The firm has a market capitalization of $775.20 million, a PE ratio of 13.38 and a beta of 0.91.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. The company 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%.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC boosted its stake in shares of 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 purchasing an additional 2,611 shares in the last quarter. Blue Trust Inc. boosted its position in ChipMOS TECHNOLOGIES by 18.0% during the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 1,440 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in 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 valued at $1,431,000 after acquiring an additional 2,319 shares in the last quarter. Caprock Group LLC purchased a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at $441,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after acquiring an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors 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.