ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down – Time to Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares gapped down before the market opened on Wednesday . The stock had previously closed at $20.11, but opened at $19.46. ChipMOS TECHNOLOGIES shares last traded at $19.52, with a volume of 1,912 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

ChipMOS TECHNOLOGIES Price Performance

The firm has a market cap of $706.11 million, a PE ratio of 13.56 and a beta of 0.91. The stock has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $24.61. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Several institutional investors have recently added to or reduced their stakes in IMOS. BNP Paribas Financial Markets bought a new stake in ChipMOS TECHNOLOGIES in the first quarter worth about $42,000. HBK Sorce Advisory LLC acquired a new position in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth about $201,000. O Shaughnessy Asset Management LLC grew its stake in ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after acquiring an additional 1,592 shares in the last quarter. Blue Trust Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 7,973 shares during the period. Finally, Caprock Group LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES during the 2nd quarter valued at approximately $441,000. Institutional investors 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.