ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up – Here’s What Happened

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $18.35, but opened at $19.15. ChipMOS TECHNOLOGIES shares last traded at $19.15, with a volume of 2,466 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Friday.

ChipMOS TECHNOLOGIES Stock Down 1.3 %

The firm’s 50-day moving average is $20.66 and its two-hundred day moving average is $23.16. 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 stock has a market cap of $681.06 million, a P/E ratio of 13.10 and a beta of 0.86.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 2,611 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 1,440 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of 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 valued at $1,431,000 after acquiring an additional 2,319 shares during the period. Finally, Caprock Group LLC bought a new position in ChipMOS TECHNOLOGIES during the 2nd quarter worth approximately $441,000. 7.39% of the stock is owned by institutional investors.

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.