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 issued to investors on Friday.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS opened at $19.11 on Friday. The stock has a market cap of $694.88 million, a PE ratio of 13.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. ChipMOS TECHNOLOGIES has a 1-year low of $18.20 and a 1-year high of $32.19. The firm has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $23.13.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results 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 net margin of 7.25% and a return on equity of 6.66%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 1,440 shares during the period. Ballentine Partners LLC grew 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 acquiring an additional 2,611 shares in the last quarter. Caprock Group LLC purchased a new stake in ChipMOS TECHNOLOGIES during the 2nd quarter worth approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in ChipMOS TECHNOLOGIES by 4.4% in the second 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. 7.39% of the stock is currently owned by institutional investors and hedge funds.

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.